Quantitative finance

Finance - quantitative techniques.

Defined broadly, quantitative finance is the branch of finance that uses numerical ("quantitative") techniques.

More narrowly defined, quantitative finance means using advanced mathematical modelling, and larger sets of data, for financial decision making.

Applications include options valuation and advanced risk management.

As with all techniques, quantitative finance can subject to problems of spurious accuracy and "garbage in, garbage out".

Particularly when users don't fully understand the maths, don't challenge the underlying assumptions, or both.

See also

• Big data
• Casino finance
• Data
• Data mining
• Data science
• Finance
• Financial
• Financial maths
• Knowledge discovery in data
• Option
• Portfolio
• Quantitative techniques
• Risk management