About the Event

From December 3rd to 7th, 2025, the event “Research in Options: RiO 2025” will take place in person, beginning at Pedra da Laguna, in Búzios (December 3–5), and continuing at Fundação Getulio Vargas (FGV), in Rio de Janeiro (December 6–7).

This year, the local organization is being carried out jointly by the Brazilian Finance Society (SBFin) and the School of Applied Mathematics of Fundação Getulio Vargas (FGV EMAp).

This is the 20th edition of a highly successful meeting that has been held at IMPA in the past, and has counted on the presence of a large number of scientists, mathematicians, and practitioners working at the interface of mathematics and finance.

This event is sponsored by FGV EMAp, Bloomberg, FAPERJ, and the University of Toronto.

Contributed Talks & Posters

• Submission deadline: October 15, 2025

Scope

The use of sophisticated mathematical tools in financial engineering—ranging from partial differential equations to stochastic analysis and numerical methods—has been growing steadily during the past few decades. On one hand, mathematical tools and results have impacted the way financial phenomena are modeled and understood, and how risk is assessed and managed. On the other hand, the financial industry has presented a number of mathematical and computational challenges to researchers.

Each edition of RiO has gathered about 100 participants, evenly split between academia and industry. In 2025, we will focus on different aspects of mathematical finance including (but not limited to):

• Option pricing
• Fixed income
• Volatility trading
• Real options
• Commodities
• Algorithmic trading
• Portfolio and risk management

The conference will take place on December 3–5, 2025, at Pedra da Laguna in Búzios, and will be followed by two days of minicourses (December 6–7) at Fundação Getulio Vargas (FGV), in Rio de Janeiro, aimed at both practitioners and students.

Organizing & Scientific Committee

• Vinicius Albani (UFSC)
• Bruno Dupire (Bloomberg)
• Sebastian Jaimungal (University of Toronto)
• Yuri Saporito (FGV EMAp)
• Rodrigo Targino (FGV EMAp)
• Jorge P. Zubelli (Khalifa University)

Keynote Speaker

• Terry Lyons (University of Oxford, UK)

Invited Speakers

• Eduardo Abi-Jaber (École Polytechnique, France)
• Diogo Duarte (Florida International University, USA)
• Bruno Dupire (Bloomberg & NYU)
• Martin Schweizer (ETH Zurich)
• Marcelo Fernandes (FGV, Brazil)
• Julien Guyon (École des Ponts ParisTech, France)
• Sebastian Jaimungal (Univ. of Toronto, Canada)
• Silvana Pesenti (Univ. of Toronto, Canada)
• Lakshithe Wagalath (IÉSEG School of Management, France)
• Jorge Zubelli (Khalifa University, UAE)
• Christa Cuchiero (University of Vienna, Austria)
• Sam Cohen (University of Oxford, UK)
• Chiara Amorino (Universitat Pompeu Fabra, Spain)
• Stéphane Crépey (Université Paris Cité, France)
• Carolina Hoffmann-Becking (Bloomberg, USA)
• Igor Cialenco (Illinois Institute of Technology, USA)
• Marco Frittelli (Università degli Studi di Milano, Italy)

Minicourses

• Carolina Hoffmann-Becking (Bloomberg, USA)
• Igor Cialenco (Illinois Institute of Technology, USA)

Student Financial Support

A limited number of students will be offered financial support, which includes:

• Accommodation at the event’s hotel
• A reduced conference fee (R$50)
• Round-trip transfer between Rio de Janeiro and Búzios

To apply, please send your most recent university transcripts to researchinoptions@fgv.br
by October 15, 2025.

Contact

FGV EMAp – Escola de Matemática Aplicada
Praia de Botafogo, 190 – 5° andar, Rio de Janeiro, Brazil
CEP: 22250-900

• Phone: +55 21 3799-5917
• Email: researchinoptions@fgv.br