Event details
Join an online masterclass with Dr Pasquale Della Corte, Associate Professor of Finance to get a taster of the academic experience at Imperial College Business School.
About the masterclass
Over-the-counter derivatives are important to the way real economies and financial markets work. Among them, foreign exchange (FX) options have grown at an exponential rate, which began with the financial crises of the 1990s and has continued with the growth of international capital flows. By now, the FX option market is one of the biggest and most liquid markets of its kind, with an average daily turnover of more than $300 billion and a total notional value of close to $13 trillion.
Their bespoke nature, moreover, makes FX options attractive to accommodate the needs of market participants with different beliefs and trading motives, such as international banks, hedge funds, asset managers, non-financial corporates, and central banks.
As a result, trading activity in FX options may provide valuable and timely information about future exchange rate fluctuations, an area where academic research struggles to find conclusive evidence.
In this masterclass, we will:
- Start with a description of the FX Option market
- Examine new evidence on whether or not FX option trading activity can predict future exchange rate returns
- Analyse these results by using a simple yet intuitive explanation
About Dr Pasquale Della Corte
Pasquale Della Corte is an Associate Professor of Finance at Imperial College Business School, Imperial College London, and serves as an Associate Editor of the Journal of Money, Credit and Banking (JMCB). Prior to joining Imperial College, Pasquale was an Assistant Professor of Finance at Warwick Business School, University of Warwick. He has also held visiting research positions at the Washington University in St. Louis, Federal Reserve Bank of St. Louis, Norges Bank, and the Hong Kong Institute for Monetary Research.
Pasquale’s research focuses on international finance, global asset allocation, empirical asset pricing, portfolio choice, market microstructure, and Bayesian econometrics, and has been published in the Journal of Financial Economics, the Review of Economics and Statistics, the Review of Financial Studies, and the Journal of Empirical Finance. His research has also received the INQUIRE UK 2010 and INQUIRE UK 2011 Best Paper Awards, and KEPOS CAPITAL Award for the Best Paper on Investments at the 2013 WFA meetings.
This event will take place online via Zoom at UK local time. Please register your place to receive joining instructions.
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