NISM had organized a two day Workshop on Computational Finance on March 26-27, 2010. Computational finance is a wide umbrella of disciplines — mathematical science, and the use of computer simulations to explore the potential risks as well as the probable outcomes of trading, hedging and investment decisions. The workshop articulated important concepts such as Monte-Carlo simulations, portfolio selection & optimization and high frequency data analysis and provided hands on practice on programming tools.

Dr. Mahendra Mehta, Managing Director, Neural Technologies and Software Private Limited (NeuralTechSoft) delivered the keynote address on the background of Computational Finance and Rmetrics.

The response was overwhelming. About 90 applications were received from across the country. Of this, 54 were admitted to for the workshop. Participants were from industry as well from academia. The feedback from the participants has been positive and the need to organize such workshops more frequently was voiced. Participants were awarded certificates at the end of the workshop. NISM faculty members Dr. K. Kiran Kumar and Mr. Suneel Sarswat conducted the workshop.