rocket scientist
| 1. | a specialist in rocketry. |
| 2. | an exemplar of keen intelligence, esp. mathematical ability. |
Based on the Random House Dictionary, © Random House, Inc. 2009.
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| rocket scientist n.
|
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Rocket Scientist
In the world of finance, these are people with science and math degrees who work in the finance field building highly advanced quantitative finance models. These models help banking, insurance and investment firms to price financial instruments.
Investopedia Commentary
If an investment firm hires a PhD student with a background in theoretical physics to create a model that prices futures and options, that person would be considered a "rocket scientist" by the traders in the investment firm because of the complexity and skill required to create these models that help traders of futures and options.
Related Links
Options Basics Tutorial
Futures Fundamentals
See also: Derivative, Financial Engineering, Futures, International Association of Financial Engineers - IAFE, Options, Qualitative Analysis, Quantitative Analysis
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