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What is financial engineering?

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Financial Engineering is a multidisciplinary field involving financial theory, the tools of applied mathematics, the practice of programming and engineering methodologies. It is applied in the process of creating new financial instruments and strategies, such as new securities, options and derivatives using quantitative methods to finance.

Methods of financial engineering are utilized by banking and other financial institutions, consulting companies, as well as treasury and finance departments of corporations to make pricing and portfolio management decisions.

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