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Codes of FinanceEngineering Derivatives in a Global Bank$
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Vincent Antonin Lépinay

Print publication date: 2011

Print ISBN-13: 9780691151502

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691151502.001.0001

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Thinking Financially and Exploring the Code

Thinking Financially and Exploring the Code

(p.29) Chapter 1 Thinking Financially and Exploring the Code
Codes of Finance

Vincent Antonin Lépinay

Princeton University Press

This chapter looks at the financial operators' use of codes and languages in the trading room to articulate new financial products. It maps out the coding and modeling conflicts that arise between various disciplines (physicists, mathematicians, computer scientists). Codes can either be formal or ad hoc, but the bottom line is that no one knows for sure how best to describe these products. The problem is not a paucity of descriptions, but rather an embarrassment of riches. Capital guarantee products (CGP) have too many competing depictions that were derived from the multiplicity of languages adopted by different groups operating within the financial industry. The lack of synthesis of these languages is both a resource for and a threat to the financial industry.

Keywords:   financial operators, codes, financial products, capital guarantee products, trading room, financial industry

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