finweek
for subscribers

Quants and the future of finance

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article
Johan Fourie is associate professor in economics at Stellenbosch University.
Johan Fourie is associate professor in economics at Stellenbosch University.

Finance is not the same as it was a few years ago.

Whereas The Wolf of Wall Street epitomised the traits of the successful trader in the 20th century, today things look very different.

Computer scientists in sweatpants – quants – design and implement complex mathematical and statistical models that more efficiently price securities, reduce risk and generate profits.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
14.48
(+0.40)
ZAR/GBP
20.49
(+0.21)
ZAR/EUR
17.63
(+0.22)
ZAR/AUD
11.54
(-0.36)
ZAR/JPY
0.14
(+0.87)
Gold
1801.45
(-0.23)
Silver
27.85
(+0.78)
Platinum
1265.06
(+1.48)
Brent Crude
64.18
(+0.19)
Palladium
2435.99
(+4.70)
All Share
66200.76
(+0.42)
Top 40
60747.41
(+0.42)
Financial 15
12354.99
(+0.99)
Industrial 25
86550.38
(-0.10)
Resource 10
66735.02
(+0.89)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1006 votes
No, I did not.
52% - 2513 votes
My landlord refused
28% - 1345 votes
Vote