Stephen Figlewski is a Professor of Finance at the New York University Leonard N. Stern School of Business, where he has been since 1976. He holds a B.A. in Economics from Princeton University and a Ph.D in Economics from the Massachusetts Institute of Technology. He has published extensively in academic journals, especially in the area of financial futures and options. He is the founding Editor of The Journal of Derivatives, the official publication of the IAFE, and is an Associate Editor for several other journals. He also edits the Financial Economics Network´s two ´Derivatives´ series published over the Internet. He is the director of the NYU Stern School Derivatives Research Project, a research initiative that supports applied and theoretical research on derivatives and promotes intellectual interchange between academics and practitioners in derivatives, risk management, and financial engineering. Professor Figlewski has also spent time on Wall Street. He was a Vice President at the First Boston Corporation, in charge of research on equity derivative products, and was at one time a member of the New York Futures Exchange and a Competitive Options Trader at the New York Stock Exchange.