Posted July 21, 2013
This internship provides an opportunity to design and implement a functional website portal that’s used mainly for publishing and displaying technical articles. The timing of the project delivery will depend on implementation difficulties; however it would be ideal if the project can be done within a month. Please refer to the attached pdf for the purpose of this website portal.
- Capable of displaying mathematical symbols/Greeks letter/graphs (Latex?).
- Background Content Management System: can be used to write and publish articles; supports multiple users. In CMS, administrators should be able to change contents category, ex. re-categorize articles, change the name of certain category and sub-category, extend category list etc.
- Supports article sorting by categories, such as by author, date, topic, etc.
- Email system: supports multiple users.
- Esthetics: the outlay of the whole website should be professionally looking, as the potential audience and users of the website would be in finance industry.
- Forum: pending. Its implementation depends on the whole timing of progression. It has the least priority.
- 100 dollars will be paid gradually over the project timeline.
- Free coffee/lunch during regular weekly meet-ups.
- 50 dollars bonuses will be paid at the end of the project. It will depend on performance.
- Self-starter, motivated individual who has strong background in website design and functions implementation.
- Regular meet-ups for progression update.
- Frequent communications: make sure what you do is what we want.
- Prior website designing experience is a strong plus.
Should you be interested in this opportunity, please send your resume and sample of your work (if there is any) to Mr. Mego Liu at firstname.lastname@example.org
Additional background information:
“ContingentPoint” Founding Principle
The world of valuation is small and yet covers a much broader spectrum of topics than any layperson could have imagined - anywhere from valuing non-compete to stock options that have multiple vesting conditions. Due to the nature of the businesses, skill sets that are required to perform different tasks are drastically varied as well. In the arena of Complex Financial Instruments (CFI) valuation, a hybrid of finance, mathematics and programing knowledge is required in order to deliver a qualified product.
However, no academic program out there that is molded specifically for CFI valuation purposes. Most financial engineering programs are geared toward providing knowledge and specialists (‘quants’) for trading purposes. For instance, statistical arbitrager, trading software programmer, trader/trader supporter, model validation specialist, etc. CFI practice is different from trading in every perspective: proposition of value, choice of model, assumptions making, etc. Having that said, from a technical skills standpoint, there exists a dramatic overlap between trading industry and CFI valuation. For instance, how is the Vasicek or HJM interest rate simulation model different from trading industry to CFI practice? The models are the same, but the process of building them might be different due to several reasons. In other words, the knowledge that is required to understand the complex mathematical models and the ability to mark-to-market the parameters that go into the model is indifferent. Furthermore, most quantitative models that are rooted out of academia were created under the premise of sufficiently liquid market. Hence, sometimes we have to take precautions whether or not we should use those models directly without any modification since most of the contracts we are valuing are not publically traded.
The dissimilarities between trading and CFI valuation in other dimensions overwhelm the only similarity – the quantitative aspect. Consequently, it is impossible to borrow skill sets from trading industry for CFI valuation purposes without any extra molding.
Therefore, there exists a knowledge gap between the literatures that have been created for trading purposes and what is available now for CFI valuation purposes. In trading industry, there is a website called QuantNet ( https://www.quantnet.com/ ) As its name suggests, it’s a learning source for all the ‘quants’. It is a platform on which all quants can exchange ideas, communicate technical issues, and learn what’s new on the marketplace so and so forth. QuantNet has gained its reputation such that it becomes the primary source for students who want to be a quant in trading, or even for practitioners who are already in the industry. Another example is Paul Wilmott’s website http://www.wilmott.com/. They have articles published by well-recognized practitioners on a regular basis; besides that, the website also features forum and blogs. Both of those sources have built their images of being the authoritative source for quantitative finance.
Yet, I have not seen anything like that has been done for CFI valuation in particular, albeit we have BVR. However, BVR is dedicated for business valuation as a whole so as ASA.
During the past several months, I’ve established a platform named “ContingentPoint”, the website portal is still under construction. The purposes and functions of which are similar to QuantNet. The only difference is ContingentPoint is non-profit organization.
Purposes of Founding “ContingentPoint”