Markets, Trading and Technology

Lecture Register

Academic year 2023/2024
Lecturer Stefano Marmi, Fabrizio Lillo

Lecture

  • 16 Apr 2024 (2h 00m)

    Stefano Marmi - Course (teaching activity) - Face to face

    introduction. Financial markets. Stocks, bonds, bills, inflation. Historical returns. Volatility. Forwards and future contracts. Credit ratings. Yields and yield curve.

  • 18 Apr 2024 (2h 00m)

    Stefano Marmi - Course (teaching activity) - Face to face

    lezione in presenza trasmessa su Teams. Principles of valuation. Balance sheets, statements of cash flows. Earnings. Accrual accounting. Discounted cash flow. Free cash flow. Multiples (liquidity, efficiency. profitability). Du Pont analysis.

  • 03 May 2024 (2h 00m)

    Stefano Marmi - Course (teaching activity) - Face to face

    Options and options trading: spreads, strangles, butterflies, strips, straps. Directional strategies. Vix futures. Contango and backwardation.

  • 09 May 2024 (2h 00m)

    Stefano Marmi - Course (teaching activity) - Face to face

    efficient market hypothesis: weak, semi-strong, strong. Active vs passive investing. Behavioral finance and investors' biases. Technical analysis. Trend following. Size and value effects.

  • 10 May 2024 (2h 00m)

    Stefano Marmi - Course (teaching activity) - Face to face

    Factor models, loadings. Smart beta. Fama French factor models: construction and properties. Hedge funds strategies