L’attività seminariale del gruppo Ingegneria finanziaria si articola su diverse forme di incontro che possono avere obiettivi diversi:

• sviluppare la diffusione della ricerca su tematiche di finanza quantitativa
• diffondere studi/risultati di tipo quantitativo all’interno della comunità finanziaria
• fornire agli studenti occasioni di incontro anche di natura non tecnica su tematiche attinenti il mondo della finanza.

Le attività comprendono seminari scientifici, workshop e incontri su temi specifici, corsi di formazione.

List

I seminari confluiscono nelle liste di seminari dipartimentali.

I seminari su tematiche Fintech confluiscono anche nelle iniziative della Fintech Research Network.

Workshops

• Oct 08 2026 ALGODEFI 26 Conference Dear all, Following the success of ALGODEFI24 and ALGODEFI25, I am happy to share the enclosed announcement and call for papers for the ALGODEFI26 Conference. ALGODEFI26: Algorithmic Trading, Decentralized Finance and Artificial Intelligence in Capital Markets Dates: October 8–9, 2026 Venue: Department of Mathematics, Politecnico di Milano Website Submission and registration are open on the conference website. Call for Papers: Accepting full papers or extended abstracts Deadline for Submission: September 1st, 2026 Notification of Acceptance: September 15th, 2026 Deadline for Registration: September 25th, 2026 Keynote Speakers Eduardo Abi Jaber (École Polytechnique) Sebastian Jaimungal (University of Toronto) We will have an industry-Oriented Session in a dedicated afternoon. Scientific Committee Emilio Barucci (Chair), Tomaso Aste, Michele Azzone, Leandro Sánchez Betancourt, Andrea Prampolini Description The landscape of financial markets is changing significantly thanks to new technologies and methodologies that are profoundly modifying their architecture and functioning. Among the innovations, we have the possibility of operating using real-time market information, machine learning techniques, automatic trading strategies, automatic market making, distributed ledger technologies, digital assets, smart contracts, and cryptocurrencies. The objective of the workshop is to offer an opportunity for the academic and industrial communities to meet and discuss research advancements on these topics.

• Apr 21 2026 QFinLab Seminar – Neofytos Rodosthenous (University College London) – 21/4/2026, 15:30 @ Department of Mathematics, Politecnico di Milano Dear colleagues,   you are all invited to participate in the following seminar organized by QFinLab - Department of Mathematics, Politecnico di Milano.   Tuesday, 21 April 2026, 15.30-16.30 Seminar room, third floor, building 14, Via Bonardi 9, Milano (Leonardo Campus); online (Microsoft Teams), Link    Neofytos Rodosthenous (University College London)   Title: Regulation in a mean-field investment game with climate damage. Abstract: We develop a mean-field model of firms investing in carbon-intensive (brown) capital, where productivity declines due to temperature-related climate damages linked to cumulative emissions. Firms aim to maximise expected discounted profits under stochastic capital dynamics driven by idiosyncratic shocks, facing a trade-off between investment-driven growth and increased emissions. We characterise the unique mean-field equilibrium as the solution to a coupled system of forward-backward ordinary differential equations. This framework also enables the analysis of optimal regulatory instruments — such as carbon emission taxes and brown production phase-out timelines — in line with long-term climate goals.   Next Seminar 4 May: Riccardo Brignone (University of Pavia)   The organizers: Michele Azzone and Alessandro Calvia.

• Mar 24 2026 QFinLab Seminar – Leandro Sánchez-Betancourt (University of Oxford) – 24/3/2026, 15:00 @ Department of Mathematics, Politecnico di Milano You are all invited to participate in the following seminar organized by QFinLab - Department of Mathematics, Politecnico di Milano. Tuesday, 24 March 2026, 15.00-16.00 Seminar room, third floor, building 14, Via Bonardi 9, Milano (Leonardo Campus); online (Microsoft Teams) link  ,  Leandro Sánchez-Betancourt (University of Oxford) Title: Competition between DEXs through Dynamic Fees We find an approximate Nash equilibrium in a game between decentralized exchanges (DEXs) that compete for order flow by setting dynamic trading fees. We characterize the equilibrium via a coupled system of partial differential equations and derive tractable approximate closed-form expressions for the equilibrium fees. Our analysis shows that the two-regime structure found in monopoly models persists under competition: pools alternate between raising fees to deter arbitrage and lowering fees to attract noise trading and increase volatility. Under competition, however, the switching boundary shifts from the oracle price to a weighted average of the oracle and competitors' exchange rates. Our numerical experiments show that, holding total liquidity fixed, an increase in the number of competing DEXs reduces execution slippage for strategic liquidity takers and lowers fee revenue per DEX. Finally, the effect on noise traders' slippage depends on market activity: they are worse off in low-activity markets but better off in high-activity ones. All news can be found on the QFinLab webpage. The organizers: Michele Azzone and Alessandro Calvia.

• Mar 02 2026 QFinLab Seminar – Francesco Rotondi (Università Bocconi) – 2/3/2026, 13:15 @ Department of Mathematics, Politecnico di Milano You are all invited to participate in the following seminar organized by QFinLab - Department of Mathematics, Politecnico di Milano. Monday, 2 March 2026, 13.15-14.15 Seminar room, third floor, building 14, Via Bonardi 9, Milano (Leonardo Campus); online (Microsoft Teams) Link ,  Francesco Rotondi (Università Bocconi) Title: Effective binomial discretizations of bivariate diffusion processes In this paper, we investigate the general conditions under which a bivariate continuous-time stochastic process can be approximated by a computationally tractable discrete-time bivariate binomial process. The main requirement is the explicit solvability of a specific system of partial differential equations associated with the norm of the volatility vectors. As a key application, we develop a simple recombining bivariate binomial tree for the stochastic volatility model introduced by Heston (1993). We then employ this discrete framework to compute no-arbitrage prices of European call and put options, obtaining results that are consistent with those generated by established numerical methods. Finally, we perform a detailed analysis of the two-dimensional free boundaries of American call and put options, examining their dependence on both the spot price and the spot volatility. The organizers: Michele Azzone and Alessandro Calvia. Next Seminar 24 March 2026: Leandro Sánchez-Betancourt (University of Oxford).

• Feb 04 2026 Climate Risk Seminar QFinLab promotes a series of thematic seminars on climate risk. Climate transformations have a deep impact on economic activity with implications ranging from the definition of green transition policies to the evaluation of financial assets, from the construction of innovative financial and insurance products to risk management, from the design of mechanisms incentive to asset management and much more. Themes that pose intriguing questions to the academic world, involving, those who deal with models to interpret a phenomenon that by its nature is very complex. The activities are organized through a series of double seminars with discussants. The third meeting is scheduled for February, 4, 2026 Seminar room VI floor 15.00-17.00 Department of Mathematics Sara Biagini (LUISS University) Carbon Neutrality and Net-Zero Regulation We analyze the impact of carbon dioxide regulation on a system of polluting, heterogeneous companies. We consider two compliance frameworks: one based on an emission trading system (ETS) mechanism and the other relying only on abatement efforts. The shocks in the economy are spanned by a multivariate Brownian motion, and the companies’ emissions are modeled as general diffusions. Firms must match their projected emission imbalance with their reduction effort at the compliance date in both frameworks. Under the ETS program, to do so firms can both abate and trade carbon permits in the ETS permits exchange. Existence and uniqueness of the optimal abatement and trade, together with the equilibrium carbon price, are proven under mild necessary and sufficient conditions. The optimizers and the carbon price are explicit, and their analytic expressions provide an instance of classic economic principles. Numerical examples illustrate the flexibility of the model in the study of the effect of significant allocation policies. Under the net-zero framework, firms can only rely on abatement, which is also provided in closed-form. Discussant: Daniele Mancinelli (Politecnico di Milano)   Edit Rroji (Università di Milano Bicocca) Market perceived deadline for the transition to a low carbon economy In the context of the transition to a low or zero carbon economy, the difference in greenium between pairs of twin bonds with different maturities is expected to disappear or, at least, to reduce in both level and volatility. Consequently, a model is needed that imposes a terminal condition on the dynamics of the process representing the difference in nodes within the greenium term structure. An important feature of this difference, observed in empirical data, is its mean-reverting behavior. This characteristic motivates the introduction of ad-hoc models that consider the possibility of a transition occurring at a specific time. Two models are discussed: The first is an extension of the classical Vasicek model, where the volatility term remains constant until a future time instant, after which it decreases linearly. This model is integrated into the second model consisting of a regime-switching framework, where the perceived deadline for transitioning to a low or zero-carbon economy defines the regime. Both models are calibrated using market data extracted from twin German government bonds. Discussant: Rocco Mosconi (Politecnico di Milano)   This event has been (partially) supported by MUR, Department of Excellence 2023-27