Elie Ayache

Elie Ayache was born in Lebanon in 1966, trained as an engineer at the École Polytechnique in Paris, and was an options market-maker on the floor of MATIF (Paris, 1987–1990) and LIFFE (London, 1990–1995). He then co-founded ITO 33, a financial software company that specialises in derivative pricing and the calibration of volatility surfaces, in 1999. Elie has published many articles on the philosophy of financial derivatives and their market (Wilmott magazine) as well as two books on the subject: The Blank Swan: The End of Probability and The Medium of Contingency: An Inverse View of the Market.