[Chicago] Can you post re next ACM meeting on Computational Finance

Marc Temkin mtemkin at speakeasy.net
Thu Nov 20 21:21:25 CET 2008

Computational Finance

presented by: Dr. Mark Bennett 
5:30 PM Buffet and Social Hour
6:30 PM Presentation

Hosted by: Roosevelt University, downtown Chicago
430 S. Michigan Ave, Chicago, IL 60605
(nearest intersection: Congress and Michigan)
Room 232

Cost (Includes Dinner & Program): Members: $10, Non-members: $12, Students
with ID: $5


At the macro level, the world financial markets are experiencing market
corrections based upon nearly a decade of excessive debt. Price shocks in
the oil and commodities markets are becoming the norm as demand outstrips
supply and speculation by traders increases the volatility. At the micro
level, how does an individual investor or professional in the field keep
focused on the fundamentals? Did the models account for this market? What's
going to happen in the future? 

As we might expect, we cannot predict the future precisely. In retrospect,
taking on less risk would have been prudent. What are the tools and models
of computational finance to help us continue a disciplined approach going

How do we use basic models to make decisions about positions we might take
in the markets? What are the key parameters to estimate and how should they
used to predict the potential future outcomes? Just like in weather
prediction, the quantitative models can become quite complex, requiring the
use of huge data sets, multiprocessors and supercomputers. We start with
some of the more basic models analysts use and move to more complex ones
which rely on stochastic differential equations.

About the Speaker 

Dr. Mark Bennett is a Chicago-based computer scientist. He is employed at
Rho Trading Securities. Prior to that he was a quantitative risk analyst for
Bank of America Securities. He has managed aerospace technology projects for
Northrop Grumman and worked for AT&T Bell Labs prior to that. He holds a
Ph.D. in computer science from UCLA. 

To make a reservation, use this form:
or send an e-mail to greg at neumarke.net
<mailto:greg at neumarke.net?subject=Chicago%20Chapter%20ACM%20meeting%20reserv
ation%20request>  or call Greg at 773-907-3308 (work)

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