6th INTERNATIONAL

SUMMER SCHOOL ON MATHEMATICAL FINANCE

Mathematics of Finance -

a set of mathematical methods applied to the modeling of financial markets

About the school

Key topic – Decentralized
Finance (DeFi)

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Presentation of scientific results takes place in the format of concise, idea-rich talks. Participation is by invitation.

The school's program:

• Decentralized Finance;
• Cryptography: ZK proofs & FHE;
• Distributed systems and consensus algorithms;
• Hedging in incomplete markets;
• Virtual machine and smart contracts;
• Smart contracts and blockchain data;
• Tropical mathematics.

Masaaki Fukasawa

Osaka University

Japan

One of the leaders of the Japanese school of probability theory and stochastic analysis, an expert in stochastic volatility models.

Agostino Capponi

Columbia University

США

A researcher with a wide range of interests, from systemic risk models and market microstructure to decentralized finance and machine learning. In addition, Professor Capponi devotes a lot of effort to consulting — among his clients are large public and private financial institutions.

Abdel
Kenoufi

University
of Strasbourg

France

Specialist in the field of tropical mathematics. His work is aimed at developing new approaches in theoretical physics and applied mathematics. Co-author of the book Tropical Mathematics and Applications to Theoretical Physics and Scientific Computing. He received his Master's and PhD degrees from the University of Strasbourg. In his research, he combines abstract algebraic structures with applied problems of analysis and computation.

Yuri Yanovich

Skoltech

Russia

He has been a lecturer at leading Moscow universities since 2017, is the author of more than 100 scientific papers on blockchain, and also directs the Moscow Blockchain Seminar. He will tell the school about the structure of blockchain networks and consensus algorithms.

Rostislav Berezovsky

Vega Institute Foundation

Russia

Lecturer, head of the scientific group on optimal management in decentralized finance. During the school, he will talk about the DeFi market structure, the operating models of key decentralized financial services, and recent published results in this area.

Anatoly Krestenko

Россия

He will give lectures on the Ethereum virtual machine and the Solidity language, and conduct a practical lesson on developing smart contracts.

ITMO

Andrey Seoyev

MEV-X

Россия

Developer and researcher in the field of blockchain trading and MEV. At the lecture, he will review the topic of MEV (Maximum Extractable Value): the definition, classification and evaluation of MEV, the causes of its occurrence, ways to extract MEV and protect against MEV, as well as the main stages of the history of MEV development and prospects.

Alexey Karasev

MIPT

Russia

During the lectures, he will talk in detail about zero-knowledge proofs (ZKP) and the STARK protocol, revealing their importance for ensuring confidentiality and scalability of blockchain systems. Alexey will also explain the principles of fully homomorphic encryption (FHE) and its potential for creating secure computing in decentralized applications.

Dmitry
Kramkov

Carnegie Mellon University

USA

Formerly Head of Research and Product Development, Tokyo-Mitsubishi International. An expert combining industrial experience and a successful academic career. At school, he will talk about hedging and pricing options in incomplete markets.

SEMINAR LEADERS

Help you understand the most difficult material.

Daria Korobkina

Artur Sidorenko

Postgraduate student at the Faculty of Mechanics and Mathematics, Moscow State University

Anna Majdanik

Andrey Urusov

Postgraduate student at the Faculty of Mechanics and Mathematics, Moscow State University

Student of the Faculty of Mechanics and Mathematics, Moscow State University

Postgraduate student at the Faculty of Applied Mathematics, Computer Science, and Information Technologies, Chuvash State University

Daria
Korobkina

I work at DeFi, I'm a member of the scientific group that deals with DeFi, so at school I'll help you figure out what it is and what it's eaten with:) I'm trying to live my best active life, so I go to music school and try to study music theory at my leisure.

Graduate of the MSU of MechMath

Anna Majdanik

I study at the joint specialization of the Moscow State University Faculty of Mechanics and Mathematics and Vega, I work in a DeFi research group, and if I don't do math, I spend my days painting architecture and portraits, I love literature and I study languages.

Student of the MSU of MechMath

Artur Sidorenko

I study stochastic analysis and optimal control. I love postmodern (Eco) creativity, the gym, and, of course, talking to you about juicy topics.

Graduate student of the MSU of MechMath

Andrey Urusov

I will help you understand the current issues of decentralized finance. A specialist with more than 7 years of experience in the financial sector, passionate about research in the field of DeFi, including liquidity management and process modeling in DEX pools.

Postgraduate student of FPMFiIT CSU

My acquaintance with Vega began with participating in the summer school in Pushkin. I remember how I tried to understand all the material, staying up late at night to figure it out. At the next school, in Diyevo-Gorodishche, we already began to gather together, explaining to each other what we managed to understand.

Now for me, the Vega summer school is a great way to join the new academic year, communicate with highly motivated guys, adopt the experience of leading experts and learn something that may predetermine the direction of my development this year.

The 5th International Vega Summer School gave me both a wealth of positive emotions from interacting with numerous enthusiastic like-minded people and a substantial amount of new knowledge, which I am still processing and organizing in my mind to this day.

The lectures by renowned professors and the intense homework sessions were perfectly interspersed with engaging and active leisure.
I am very grateful to Vega for this unique event that allowed me to spend part of my summer vacation in such a meaningful way!

The Fourth International Summer School on Financial Mathematics from the Vega Institute Foundation divided my life into before and after. It was an experience that changed me not only as a student, but also as a person.

The guys and I constantly discussed mathematics, so knowledge flowed continuously and easily, and thanks to these conversations, many complex concepts became clearer and more accessible.

During the week of the summer school, many things became clearer and more understandable, so in the first year of the master's program, it was much more interesting for me to study and do science. Moreover, the knowledge I gained and further training on Vega courses during the academic year helped me find my place in the industry and get a job at a top company.

The organization of the school was impeccable: every lesson, every moment of the cultural program was carefully thought out. I was especially impressed by the environment - enthusiastic and incredibly smart guys, sincere and responsible curators, as well as talented lecturers - true masters of their craft, who skillfully and structuredly conveyed non-trivial material.

Every day was filled with warmth and attention to each of us. I am infinitely grateful to all the participants and organizers for their sincere smiles and the atmosphere that made this week unforgettable.

The Vega Institute schools have become a special part of my life and have undoubtedly influenced it, allowing me to fully immerse myself in the professional field of financial mathematics and see how it might fit me personally.

I first took part in the Summer School in Pushkin in 2022 and realized that I had entered an environment of peers and senior colleagues who were on a whole other level — and that I had a lot to learn. It was challenging and cognitively demanding.

Six months later, I attended the wonderful Black Sea School in Sirius in 2022 with my peers. This time, already familiar with the material and somewhat prepared, I managed to win 3rd place in the final Quantathon together with my team — and I became convinced that all the effort and preparation were absolutely worth it!

For whom

Undergraduate (from 4th year) and specialist students, master’s students, and postgraduate students in the following fields:

Mathematics
and related specialties

Information Technologies
and related disciplines

Physics
and related specialties

Economics majors
with an advanced mathematical background

Other disciplines with an advanced mathematical background, relevant work experience, and motivation

We expect from you

Knowledge of probability theory, random processes, optimal control methods, and group theory;

Understanding of the operation of the stock exchange and the structure of basic derivatives;

Ability to use Jupyter Notebook for Python and readiness to quickly learn to write code in Solidity.

The organizers pay for accommodation, meals, as well as a transfer from Moscow to the school venue
and back.

Accommodation, meals, and transportation from Moscow to the school venue and back are covered

SCHOOL LANGUAGES

Code of Ethics

All school participants must comply with the Funds's Code of Ethics.

Important

Participation in all educational activities of the school is mandatory.

School Language

School materials and some lectures will be in English.

HOW TO PARTICIPATE

Step 2

Fill out the registration form

Step 7

Get ready for the School

Step 1

Read the selection procedure

Step 6

Attend classes to prepare for the school program

Step 3

Step 4

Complete the entrance assignment

Step 5

Wait for the selection results

Attend open classes to prepare for selection

We evaluate applications in accordance with the Basic Conditions and Principles of selection.

The selection process is conducted remotely and consists of two parts:
1. Motivation assessment – up to 40 points
Recommended template for motivation letter

2. Technical skills assessment – up to 60 points
Learn more about the selection criteria.

The form can be filled out until August 1 inclusive.

During the classes, you will be able to refresh your knowledge and fill in the gaps in order to successfully write the entrance assignment.

The entrance assignment is assigned starting July 28.
You can submit your solution until August 3 inclusive.

Maximum score — 50.

*You can earn up to 10 additional points by attending classes to prepare for the entrance assignment.

The entrance assignment will include problems in probability theory and differential equations, group theory, and Python programming.

We will send the results by email up to and including August 11.

The classes are aimed at helping participants better understand the school materials.

Attendance is mandatory for participants who have passed the competitive selection for the school.

Get ready to spend the best week of this summer with “Vega”!

FAQ

The following rules apply during the school:

1. Participation in all educational activities, including preparatory classes for the school, lectures, and seminars, is mandatory. Absences are allowed only for valid reasons and must be agreed upon with the organizers. Participation in non-educational activities (entertainment, cultural) is optional, except for team-building events (for example, the welcome evening, school opening/closing ceremonies).

2. All participants must comply with the Fund’s Code of Ethics.

3. Violation of the rules may result in disciplinary action, including deprivation of the right to participate in the school without compensation for any expenses, damages, or losses arising from this (for example, exclusion from the school without reimbursement for the return ticket).

HOW IT WAS

5th International Summer
School — village of Emmaus

3rd International School
— Pushkin

2nd International Summer School — village of Krasnovidovo

August 23-30, 2024

August 23-30, 2023

4th International Summer School — village of Dievo-Gorodishche

August 21-28 , 2022

August 23-27, 2021

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