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Centre for Risk Research

“Outstanding” Success in Financial Markets Research

Published: 29 May 2015

Professor Ming-Chien Sung, Dr. Tiejun Ma, Professor Johnnie Johnson and the Project Associate, Juan Carlos Moreno Paredes, were recently awarded the ‘Certificate of Excellence’ by Technology Strategy Board (TSB) and the highest grade of ‘Outstanding’ by the Knowledge Transfer Partnership Grading Panel for the performance of their research project with London Capital Group(LCG) (£149k, 2012/5): “Developing a real-time model of client trading performance in order to strengthen risk management strategy”.

Professor Sung from Southampton Business School
Professor Sung

 

 The award from the TSB was in recognition of the project’s contribution to ‘strengthening competitiveness, wealth creation and economic performance of the UK by the enhancement of knowledge and skills in the stimulation of innovation’. Professor Ming-Chien Sung, the leader of the project team from the Centre for Risk Research, commented that “We are delighted that the Centre for Risk Research’s unique, multidisciplinary approach to risk analysis, which proved so effective in this research project, has been recognised with this award. We are now working with a number of other city-based organisations to help them develop sophisticated approaches to risk analysis”.

 

The project which won the award involved developing trader risk assessment models using multiple, state-of-the–art, modelling techniques with cloud/high performance computing platforms. The project also involved quality-enhancing a large database of trading records and using this to test the profit and resilience improvements arising from the risk assessment models developed during the project. The models were employed to inform LCG’s hedging operations, thereby enhancing their profitability and resilience.

 

The project which won the award involved developing trader risk assessment models using multiple, state-of-the–art, modelling techniques with cloud/high performance computing platforms
State-of-the–art, modelling techniq

 LCG summed up the project as follows: “The KTP project has provided us with a much improved understanding of the main risk factors that help distinguish High Risk Clients. The knowledge gained has already significantly changed the behaviour of our dealing desk procedures. The client risk assessment model, developed as a key part of the KTP, is helping us develop innovative, intelligent real-time risk management, and our simulations demonstrate that this will significantly improve our risk management and, ultimately, our profitability”. For further details, please see:

 

http://forms.ktponline.org.uk/repository/cert/KTP008952-150518085700.pdf

 

 

 

 

 

 

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