
FINANCIAL MATHEMATICS ACTIVITIES 

October 31, 2014  
Instructors:Professor Thomas S. Salisbury The course has been approved as eligible for 12 units of SOAapproved PD credit. IntroductionIf you work in the financial engineering field as an analyst, forecaster, portfolio manager, risk manager, asset manager, commodity or derivative trader, valuation actuary or pricing actuary, you are frequently exposed to some very sophisticated mathematical techniques, many of which were only invented in the last few decades. This course puts those techniques in perspective, and shows how they are used for everyday strategic financial decisionmaking. It is designed to be an interactive program offering personal attention to small groups for a learningcentered experience. Topics of Discussion
Course Schedule  Day OneStochastic Processes and Brownian Motion
Stochastic Calculus in Financial Decisionmaking
Pricing of Options
Evening Case Study
Course Schedule  Day Two RiskNeutral Valuation and Black ScholesMerton
Interest Rates and Basic Processes
American Option Pricing
RealWorld Translation
Seminar FacultyProf. Thomas S. Salisbury is a Professor and the Chair of the Department of Mathematics and Statistics at York University. He is a world leader in the study of conditioned Brownian motion, and collaborates with Milevsky on its applications to derivative pricing. He is currently VicePresident of the Canadian Mathematical Society, has served on the editorial boards of numerous journals, and is a former EditorinChief of the "Canadian Mathematical Bulletin". Prof. Salisbury was one of the principal organizers of the 19981999 Fields Institute program on Probability and its Applications, and serves on the organizing committee of the Financial Mathematics Seminar Series. He teaches Stochastic Calculus for the York Financial Engineering Diploma program. His research is funded by the Natural Sciences and Engineering Research Council of Canada. Prof. Moshe Arye Milevsky is an Associate Professor of Finance at the Schulich School of Business at York University and is a principal at the consulting company Quantingale M.C. In addition to teaching PhD, MBA & BBA courses, Dr. Milevsky is a prominent speaker on the lecture circuit. Dr. Milevsky has received numerous awards and research grants. They include grants from the Canadian Social Science and Humanities Research Council, The International Certified Financial Planner Board of Standards, the American Association of Individual Investors and the Society of Actuaries. He is also the author of the Canadian best seller MONEY LOGIC, and the book: The Probability of Fortune. 
