Financial engineering is a process that utilizes existing financial instruments to create a new and enhanced product of some type.
Just about any combination of financial instruments and products can be used in financial engineering. The process may involve a simple union between two products, or make use of several different products to create a new product that provides benefits that none of the other instruments could manage on their own.
Research Area Faculty
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Gennady Samorodnitsky
Charles W. Lake, Jr. Professor in Productivity Associate Director, Undergraduate Studies