Want to know what's going on in the world's research labs? Then try browsing CFC's electronic library.
We provide all the reference details you need to find the full version. These details include authors, title, publisher, date, and (where available) the paper abstract.
Your in-house researc...
From Dr James Wilsdon Director, Royal Society Science Policy Centre:
I am pleased to announce the launch of the Society’s report Hidden wealth: the contribution of science to service sector innovation, which is available for download at http://royalsociety.org/downloaddoc.asp?id=6511. Services...
Advancing Collaboration Between Industry & Academia and Exploring Innovation Challenges
Thought Leadership Focus Group on Market Simulation
Workshop Venue: Holborn Bars, 138-142 Holborn, London EC1N 2NQ
18 March 2010, 5:30pm - 7:30pm ...
Darwinian evolution is being used by computer scientists to provide solutions to a wide range of problems in finance, from non-linear factor models for stock-picking to adaptive load-balancing for dynamic grids.
By simulating the processes of evolution, scientists are able to "evolve" complex equa...
Advancing Collaboration Between Industry & Academia and Exploring Innovation Challenges
Thought Leadership in Trading Technology
Workshop Venue: Holborn Bars, 138-142 Holborn, London EC1N 2NQ
20 January 2010
Following Dave Cliff's two very successful workshops org...
From Dr James Wilsdon Director, Royal Society Science Policy Centre:
I am pleased to announce the launch of the Society’s report Hidden wealth: the contribution of science to service sector innovation,...
A report issued by the Centre for Business Research (CBR) at the University of Cambridge
There has been an increasing focus on the role that Universities can play in contributing to economic growth....
With increased global interconnectivity, organizations must protect their systems from intrusion and computer-virus attacks. Current antivirus and network intrusion detection (ID) solutions can become...
Darwinian evolution is being used by computer scientists to provide solutions to a wide range of problems in finance, from non-linear factor models for stock-picking to adaptive load-balancing for dynamic...
A core objective for CFC is to roll out a range of resources and services to encourage and support early stage R&D. This includes support for blue-sky academic research and more focused research...
Advancing Collaboration Between Industry & Academia and Exploring Innovation Challenges
Thought Leadership in Trading Technology
Workshop Venue: Holborn Bars, 138-142 Holborn,...
CuPP is a newly-developed C++ framework designed to ease integration of NVIDIA's GPGPU system CUDA into existing C++ applications [1].
"CuPP provides interfaces to reoccurring tasks that are easier...
Producers of financial services technology need in-depth knowledge of the global financial services "ecosystem" - that is, not only the potential clients but also the scientists who generate new technologies...
On our events pages, CFC members can keep track of upcoming events such as technology conferences, exhibitions and workshops. CFC will also be holding its own events to bring together scientists,...
Want to know what's going on in the world's research labs? Prefer to search covertly before approaching a research group with a view to collaboration? Or perhaps you just want to pick up some new ideas...
Advancing Collaboration Between Industry & Academia and Exploring Innovation Challenges
Thought Leadership Focus Group on Market Simulation
Workshop...
Advancing Collaboration Between Industry & Academia and Exploring Innovation Challenges
Thought Leadership Focus Group on Historical Datasets
Workshop Venue:...
A round-table discussion with Gulnar Muradoglu (Cass Business School), Werner DeBondt (DePaul University), William Forbes (Loughborough University Business School), Jose Manuel Varas (Cabot Financial)...
At an event to mark the launch of the new KTN on 20th October 2009, Sir Win Bischoff (Chairman of Lloyds Banking Group, above left) addressed some of the most senior and influential...
Advancing Collaboration Between Industry & Academia and Exploring Innovation Challenges
Thought Leadership Focus Group on Market Simulation
Workshop Venue: Holborn Bars, 138-142 Holborn, London EC1N 2NQ
18 March 2010, 5:30pm - 7:30pm
Following the Thought Leadership in Trading technology workshop on the 20th January 2010, this will be the first meeting of the Market Simulation focus group. Our aim is to produce a manifesto that will be presented at the Trade Tech conference in April.
Theme for this Focus Group
Key Observations:
◦ The financial markets are highly complex and constantly changing.
They are non-linear and dynamically adaptive
Players do not behave rationally
Dark pools and other trading mechanisms are deliberately employed to hide the market impact of certain transactions
Markets are often unstable, and often lose the ability for self-regulation
The markets are very difficult to model using standard closed-form techniques
◦If we could successfully model the markets, to a level of detail that captures behaviours of individual firms and individual traders, we could:
Assess market impact of different trading strategies
Assess the market impact and market stability consequences of - New products - Multiple competing algos - New order types - New market microstructure (semi-lit books, smaller tick sizes)
Explore the modes of failure of the global markets - Discover early warning indicators of critical market transitions - Explore strategies to survive a liquidity crisis
Investigate whether the better economic stimulus is (i) tax reduction or (ii) public spending
Key Questions:
◦ What science can we use from other sectors? eg. Can we draw insights from other research such as stability of eco-systems?
◦ What answers do we want to get from the simulator?
◦ Can market simulation provide market alerts?
◦ Is it possible to predict the value of a stock?
◦ Is it possible to make meaningful statements about current trends?
◦ How can we include behavioural aspects into a new model/simulation?
Registration
We are grateful to our sponsors who have covered the costs of the room and refreshments. We will ask two participants (selected at random) to take notes during the meeting, to avoid the need to employ a technical secretary. As a result, this meeting is free of charge.
Please email Lucinda Kingswood (
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
) if you are interested in this focus group meeting.