Mathematical theory comes to market

Date: 

Tuesday, 17th April 2007

An ARC Linkage Grant has funded research in which a group in the School of Mathematics and Statistics, led by Scientia Professor Ian Sloan, is collaborating with Macquarie Bank's Quantitative Applications Division. The research is investigating the use of Quasi-Monte Carlo Methods in valuing complex financial products, where there is a need to evaluate high-dimensional integrals.