To help maintain the flow of new students, in numerical fields, who are the potential innovators of tomorrow; NAG is actively extending its range of student awards.
NAG ‘direct award’ prize for best financial math project using NAG
If you're a student (BSc, MSc, PhD etc) studying mathematical finance or similar you can enter the NAG 'direct award' prize by sending through a summary of your research. Your work should include code that uses NAG software. Submit your work or contact us for more information by email.
Whilst we are not prescriptive of the exact format of the submission the entrant should bear in mind that their article should be suitable for publication on the NAG website and in NAGNews. Students may submit supporting material like their PhD or MSc thesis or published paper to help the competition judges. We recommend any submission includes the following:
- A statement of the problem with some background putting it into context
- Description of the computational aspects
- How NAG software helped with these computational aspects
- Results of the work
- Possible further work
- Copies of code
NAG Student Prize ‘Direct Award’ 2015
The 2015 NAG Student Prize 'Direct Award' was won by Stef Maree, MSc Student at Delft University of Technology for his work on 'Stochastic Grid Bundling Method for Bermudan Swaptions'.
The NAG Student Prize ‘Direct Award’ winner of 2014 was Christoph Auth of Warwick Business School, for his paper "Continuous Wavelet Transform and Wavelet Coherence – Implementation and Application to the Diversification Analysis of Hedge Fund Returns".
Our 2013 winner was Isabel Ehrlich for her thesis "Pricing Basket Options with Smile".
Previous Winners of the NAG ‘direct award’
Stan Stilger, Manchester Business School, was awarded the prize for his paper 'The Use of Importance Sampling to Speed Up Stochastic Volatility Simulations'.
Eduard Dubin, Scientific Assistant at Goethe University, Frankfurt was awarded his prize for his paper ‘Habit formation heterogeneity: Implications for aggregate asset pricing’.
Niloofar Safiran of RWTH Aachen University, Germany. Please see her winning paper "Toward Adjoint Based Optimization in Computational Finance" here.
Nicoletta Gabrielli, University of Rome, Masters Student. To learn more about Nicoletta's work visit http://www.nag.co.uk/about/student_awards/work.asp.
NAG Awards in collaboration with academic institutions
The NAG Prize at the University of Manchester is awarded annually to recognize the achievements of students on mathematical and computing related MSc courses.
Photos of previous winners can be found here.
In honour of the outstanding contributions of James Hardy Wilkinson to the field of numerical software, Argonne National Laboratory, the National Physical Laboratory, and the Numerical Algorithms Group award a numerical software prize every 4 years.
As part of our 40th anniversary NAG extended the awards that it funds to more institutions across the globe. If your department or institution would like to benefit from a NAG award please contact us and we can provide you with the latest details.