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The University of Southampton
Centre for Risk Research

ESRC project yields "exceptional gains" for city traders

Published: 15 February 2016
Forecasting market trends

The Centre for Risk Research (CRR) have recently completed a project to develop cutting-edge mathematical models to forecast successful trades in financial markets. The results of the Economic and Social Research Council (ESRC) funded project produced highly accurate predictions which “will yield exceptional gains to spread trading companies through appropriate hedging strategies” according to FINSA Europe’s senior trader, Daniel Schreiber.

 

Daniel Schreiber went on to praise the CRR team: “The highly talented, multi-disciplinary team in the CRR, with its access to the University of Southampton’s impressive data and computing facilities, were exceptional”.

The ESRC funded the project under its Accelerating Impact scheme. The CRR team worked closely with FINSA Europe, an organisation offering a range of services, including risk warehousing and risk management solutions and trading platforms in the CFD and Spread Trading industry in the UK, South Africa, and in the developing world.

The CRR team, led by Professors Ming-Chien Sung and Johnnie Johnson and Dr Tiejun Ma, employed their expertise in behavioural psychology, econometrics and machine learning techniques and their wide knowledge of speculative markets in developing the innovative forecasting models. “I gained a lot from working on this project” said project associate Juan Carlos Moreno Paredes, “and I was able to apply my skills in cutting edge machine learning techniques”.

Dr. Tiejun Ma commented that: “Many organisations are unaware of the leading high performance computing facilities and quantitative risk modelling skills available within the University of Southampton, but this project has demonstrated how these can be used to great effect for the good of the UK economy”.

For more information concerning FINSA Europe: http://finsaeurope.com

 

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