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The University of Southampton
Centre for Risk Research

‘Industry changing’ success for risk behaviour project

Published: 7 February 2016
Star Financial Systems

Kevin Taylor, Chairman of Star Financial Systems (SFS), recently hailed the ‘industry changing’ success of a Knowledge Transfer Partnership (KTP) project conducted with a Centre for Risk Research (CRR) team, examining innovative ways to manage financial risk.

The project has drawn on industry knowledge, state-of-the-art modelling techniques and advances in cognitive psychology to develop innovative ways to detect traders who seek to exploit weaknesses in financial trading systems. Professor Ming-Chien Sung who led the CRR team, said that “the Associate on the project, Dr. Peter Fraser Mackenzie, has worked closely with SFS developers. As a result, we have been able to apply the multi-disciplinary skills of the CRR to produce very effective forecasting systems”.

The real-time, ‘exploiter trader detection’ system developed by the CRR team will be used to enhance the “Swan Risk Cube”. This is a stand-alone product offered by SFS to help clients make key risk management decisions in real time. The Swan Risk Cube offers expert analytics derived from market data, historical trade data and risk sensitivities, recalculated on each price tick, to aid in decision making and reduce overall hedging costs.

Star Financial Systems offer innovative Desktop, Web, Mobile and Tablet multi-asset trading platforms to the financial sector, providing both front-end (trading) and back-end (e.g., client management and cash management) integrated systems.

Ashley Aberneithy, who is leading the Risk Cube development at Star Financial Systems, commented: ‘I congratulate the CRR team on their remarkable success. The insights gained from this KTP project have provided us with the opportunity to offer an all-embracing risk management solution’.

The CRR team on the project consists of lead academic, Professor Ming-Chien Sung, supervisor, Professor Johnnie Johnson, co-investigator, Dr. Tiejun Ma and Associate, Dr. Peter Fraser Mackenzie.

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