I'm a qualified CQM

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<t>Local volatility is a term used in quantitative finance to denote the set of diffusion coefficients, σ(ST,T), that are consistent with the set of market prices for all option prices on a given underlier. This models are used to calculate values of exotic options which are consistent with observed...

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<r>The focus is on writing code for a number of problems in financial engineering, namely option pricing, hedging and portfolio management. We model these problems in C# using several mathematical techniques such as Monte Carlo simulation, binomial and trinomial trees and finite difference methods. ...

I understand that statistical arbitrage in Hedge Funds is a pretty hot topic at the moment. Please can someone advise on whether this technique has a future.