Dr Michael Smith
Lecturer in Finance
Dealing Room Director
T: +44 (0)118 378 6769
Specialisms: Equity, Spot FX and U.S T Bond Trading, Derivative Securities (Pricing, Hedging and Trading)
Biography
Michael Smith is a lecturer in finance and dealing room director at the ICMA Centre where he has been teaching the derivative securities module since 1994. He was formerly a city trader for 8 years where he made markets in cash equities before moving on to a variety of derivatives desks. He holds a BA in Economics from Leeds University, a Diploma in Mathematics from the Open University and a PhD and MSc in Finance from Reading University. He provides regular training programs for investment banks globally with clients including Morgan Stanley, JP Morgan Chase and UniCredit. He is a visiting lecturer at the Doctoral School of Economics in Bucharest, The University of Stellenbosch Business School in Cape-Town and the Technical University of Munich.
He specialises in teaching practical finance, in particular options trading, where his main area of interest is the use of trading simulations in the teaching process. He recently developed an advanced trading simulation, ICTrader.
Publications
Nonlinear Evolution in U.K. Stock Returns and Volume
Nonlinear Time Series Analysis of Economic and Financial Data. Edited by P. Rothman (1999) pp 165-178
(with C. Brooks and M. Hinich)
Modelling the Bid-Ask Spread: An Ordered Probit Model for the Touch on SEAQ Stocks
(1999) (with C. Brooks)
Nonlinear Evolution in High Frequency U.K. Stock Returns and Volume
Nonlinear Time Series Analysis of Economic and Financial Data edited by P. Rothman (1999) pp 165-178
(with C.Brooks and M. Hinich)
