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The University of Southampton
Centre for Risk Research

New Links Forged with German Researchers to Investigate Noise Traders

Published: 15 September 2014
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Professors Ming Chien Sung and Johnnie Johnson have successfully secured funding from the Universities of Southampton and Hamburg to take part in the Hamburg/Southampton University exchange scheme.

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Professor Sung

This funding will provide them with opportunities to visit the University of Hamburg in 2014 in order to undertake research in the Institute of Information Systems in the Department of Business Administration, with Dr. Stefan Lessmann. The project will examine the extent to which noise traders in financial markets are, through evolutionary forces (i.e., survival of the fittest), forced out of the market. This is an important line of research because, following the 2008 financial crisis, increasing attention has been paid to noise trader behaviour and to the extent that it may contribute to the causes of crisis and post-crisis recovery.

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Professor Johnson

The research has involved the application of survival analysis and has led to new insights regarding the nature of noise traders and their actions during periods of significant upheaval in financial markets.

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