~ APFRS March 1 & 2, 2007 ~
Shanghai, China

Organizers

Center for Financial Engineering at Kent State University, USA
Chicago Board of Trade - Educational Research Foundation, USA
with
Hong Kong Baptist University, Hong Kong
Jiao Tong University
Xiamen University
and
The Review of Futures Markets
The Journal of Futures Markets

Purpose

The APFRS encourages practitioner and academic research interaction and provides a platform to share and discuss research in derivatives instruments and risk management. The APFRS creates connections between practitioners and academics to promote research that provides meaningful advancement of the state of knowledge in Financial Engineering.

Location

APFRS 2007 will held in Shanghai, China. Shanghai, situated on the banks of the Yangze River Delta in East China, was once a sleepy seaside fishing town. Today Shanghai serves as the largest base of Chinese industrial technology, China's largest commercial and financial center, and one of the world's busiest ports.

Shanghai has led China's economic growth since 1992 drawing hundreds of people to the city. Shanghai gained its reputation for being one of the most cultured and sophisticated cities in the world. Shanghai became the third largest financial center in the world in the late 19th century and early 20th century. The thriving economy fuels the city's commitment to the financial industry. The financial markets and banking are growing rapidly. Shanghai became the largest cargo port in the world in 2005. Shanghai has established trade relations with about 160 countries and regions throughout the world and is served by 20 international shipping lines.

Shanghai would not be unique without blending the new with the old. As in many other areas in China, Shanghai is undergoing a building boom. Today there are large neighborhoods of foreign architecture, wonderful for a stroll. Shanghai's great river of commerce, the Huángpu, a tributary of the mighty Yángzi River, is lined with a gallery of colonial architecture, known as the Bund, grander than any other in the East, much of it recently refurbished. The mansions, garden estates, country clubs, and cathedrals of Westerners who made their fortunes here a century ago pepper the city. Even a synagogue exists, dating from the days of an unparalleled Jewish immigration to China. These are not the typical monuments of China, but they are typical of Shanghai. At the same time, creations of a strictly Chinese culture prevail. A walk through the chaotic old Chinese city turns up traditional treasures: a teahouse epitomizing old China; a quintessential Southern-Chinese classical garden; active temples and ancient pagodas; and even a section of Shanghai's old city wall.

Scope

The topics of interest include, but are not limited to:

• Financial and Commodity Derivatives
• Risk Management
• Stochastic Modeling
• Financial / Economic Forecasting
• Financial Valuation
• Hedge Fund Management
• Financial Visualization
• Algorithmic Trading
• Financial Engineering Applications
• Exchange and Market Development