Jim Gatheral, PhD

Fellow, Master's in Mathematics in Finance Program

Basic Information
Case Studies and Financial Modeling (Fall 2007)
Lectures from Banking and Finance 1998
Selected working papers
Selected publications
Selected presentations
Mathematics in Finance Homepage


Information:

Visiting Professor, Baruch College, CUNY

Email:  jim_gatheral@msn.com


Selected Working Papers:

February 2010, Convergence of Heston to SVI, Jim Gatheral and Antoine Jacquier.

January 2010, Transient Linear Price Impact and Fredholm Integral Equations, Jim Gatheral, Alexander Schied and Alla Slynko.

December 2009, Asymptotics of Implied Volatility in Local Volatility Models, Jim Gatheral, Elton Hsu, Peter Laurence, Cheng Ouyang and Tai-Ho Wang.

October 2008, No-Dynamic-Arbitrage and Market Impact, Jim Gatheral. Accepted by Quantitative Finance.

March 2007, Zero-Intelligence Realized Variance Estimation, Jim Gatheral and Roel Oomen. Accepted by Finance and Stochastics.


Selected Publications:

Forthcoming in 2010, Implied Volatility Surface, Michael Kamal and Jim Gatheral, in Encyclopedia of Quantitative Finance, Ed. Rama Cont, Wiley.

Forthcoming in 2010, Jump-Diffusion Models, Jim Gatheral, in Encyclopedia of Quantitative Finance, Ed. Rama Cont, Wiley.

August 2006, The Volatility Surface: A Practitioner's Guide, by Jim Gatheral with foreword by Nassim Taleb, Wiley.

October 2009, Erratum: List of corrections for The Volatility Surface.

December 2005, Valuing Volatility Derivatives as an Inverse Problem, Peter Friz and Jim Gatheral, Quantitative Finance.

November 1999: "Implementing Option Pricing Models Using Software Synthesis," James Gatheral et al., Computing in Science and Engineering

March 1997: "Delta Hedging with Uncertain Volatility" in "Volatility in the Capital Markets: State-of-the-Art Techniques for Modeling, Managing, and Trading Volatility," Israel Nelken (ed), Glenlake Publishing Company


Selected Presentations:

April 2010 (Petit Dejeuner de la Finance, Paris): Optimal Order Execution

November 2009 (RiO 2009, Buzios, Brasil): Price manipulation in models of the order book

November 2008 (University of Chicago, Stevanovich Center Conference on Liquidity): No-Dynamic-Arbitrage and Market Impact

October 2008 (NYU Courant Institute Algorithmic Trading Conference): Random Matrix Theory and Covariance Estimation

July 2008 (Bachelier Congress, London): Consistent Modeling of SPX and VIX Options

May 2008 (Paris): Further Developments in Volatility Derivatives Pricing

May 2007 (Paris): Developments in Volatility Derivatives Pricing

June 2006 (Amsterdam): Real-time Volatility Estimation Under Zero Intelligence

May 2005 (Paris): Valuation of volatility derivatives

May 2004 (Madrid): A parsimonious arbitrage-free implied volatility parameterization with application to the valuation of volatility derivatives

May 2003 (Barcelona): Modelling the Implied Volatility Surface

June 2000 (Boston): Rational Shapes of the Volatility Surface

September 1999 (Columbia University): Volatility and Hedging Errors