International Association Of Financial Engineers - IAFE

AAA

DEFINITION of 'International Association Of Financial Engineers - IAFE'

A not-for-profit, professional society dedicated to promoting the field of quantitative finance by providing platforms to discuss current and fundamental issues in the profession. The International Association of Financial Engineers was founded in 1992 and is comprised of academics and professionals from banks, broker dealers, hedge funds, pension funds, asset managers, technology firms, regulators, accounting, consulting and law firms, and universities worldwide.


Members of the IAFE have access to members-only content on the organization's web site; access to IAFE Committees (area-specific initiatives to discuss policy issues in depth, including investor risk, operational risk, technology and education); attendance to IAFE evening forums; and discounts to certain industry journals and IAFE endorsed conferences.

INVESTOPEDIA EXPLAINS 'International Association Of Financial Engineers - IAFE'

Financial engineering is a cross-disciplinary field that utilizes computational intelligence, mathematical finance and statistical modeling, to analyze and predict market activity in order to make more informed investing, trading and hedging decisions. Risk management is a key aspect of financial engineering and practitioners attempt to calculate the financial risk posed by specific investments. Financial engineers are often referred to as "quants" because of the quantitative skills required of the profession. Financial engineers are typically well-versed in the C++ programming language and math subfields, including stochastic calculus, multivariate calculus, linear algebra, differential equations, probability theory and statistical inference.


Also called computational finance.

RELATED TERMS
  1. Financial Engineering

    The use of mathematical techniques to solve financial problems. ...
  2. Financial Planner

    A qualified investment professional who helps individuals and ...
  3. Quantitative Analysis

    A business or financial analysis technique that seeks to understand ...
  4. Paraplanning

    A relatively new position within the financial planning industry ...
  5. Financial Plan

    A comprehensive evaluation of an investor's current and future ...
  6. Accredited Advisor In Insurance ...

    An advanced professional designation earned by insurance producers ...
Related Articles
  1. Financial Career Options For Professionals
    Professionals

    Financial Career Options For Professionals

  2. Qualitative Analysis: What Makes A Company ...
    Active Trading

    Qualitative Analysis: What Makes A Company ...

  3. Financial Professionals: The Benefits ...
    Professionals

    Financial Professionals: The Benefits ...

  4. The CPA Exam: What You Need To Know
    Investing Basics

    The CPA Exam: What You Need To Know

Hot Definitions
  1. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  2. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  3. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  4. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  5. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  6. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
Trading Center