Optimization Series (16 – 20 February 2015), University College London
- Business Applications of LP/IP Modelling
- Stochastic Programming and Robust Optimization
- Risk and Return Analysis for Asset Allocation
Optimization technologies have become key tools in making important business decisions that increase competitive advantage. Optimization, through the use of mathematical models and software techniques, is used to assist organi-sations with solving their complex business problems in areas such as manufacturing, distribution, finance and scheduling. The success of optimization projects depends on many different factors such as which modelling tools are used, integration with corporate data and the selection of the most efficient solution algorithms available for the problem. This workshop is presented in three parts and comprises theory and practical sessions. - See more
Sentiment Analysis Week (16 - 20 June, 2014)
UNICOM is pleased to announce their annual Behavioral Models and Sentiment Analysis Applied to Finance Conference and Workshop Series
Sentiment Analysis Conference, London, Millennium Mayfair, 18 - 19 June 2014:
This conference is a one-of-a-kind event; it looks specifically at how media sentiment (news wires , social media micro blogs, twitter) impact the financial markets. UNICOM has brought together a unique group of academic and industry researchers whose work is exclusively focused in this domain. This one-week event series would be of great value to quant research teams within Hedge Funds, Investment Management and Trading desks of investment banks.The major finance industry players such as Bloomberg, Thomson Reuters, RavenPack, Northfield Information Services, Deltix and Market Psych are participating and presenting their analytic research and services products.
In addition to presentations by leading academics from USA, UK , Europe and Asia there are three panel sessions on the following topics:
- Adoption of Sentiment Analysis for Fund Management & Trading Strategies
- Use of News and Social Media Data for Market Surveillance & Operational Risk Control
- Data Sources: Market Data, News (Meta) Data, Social Media Data, Micro blogs (Twitter), Google Trends & Others
Pre and Post Conference Workshops, London, Fitch Learning, 16 – 17 & 20 June 2014:These workshops are hosted by industry professionals and cover the topics of:
- 1. Market Microstructure, Liquidity and Automated Trading – 16 & 17 June
- 2. Sentiment Classification and Opinion Mining Using News Wires and Micro Blogs – 20 June
Sentiment Analysis Applied to Finance (16 - 20 June, 2014)
Sentiment Analysis has developed as a technology that applies machine learning and makes a rapid assessment of the sentiments expressed in news releases. News (events) move the market and are measured quantitatively. Analysts and investors digest financial news and their perceptions impact the market and move stock prices. This conference presents the current state of the art in this fast-emerging field. The conference also presents the current state of knowledge in the application of Sentiment Analysis to the respective models of trading, fund management and risk control. Major news (meta) data suppliers such as Bloomberg, Thomson Reuters, Dow Jones, RavenPack and MarketPsych have committed their participation. Case studies by investment banks, proprietary trading houses and financial analytics providers are under discussion; further such contributions are solicited. Leading academics, thought leaders and researchers from Europe, UK and USA have agreed to contribute and participate in the conference and the workshops.
A series of webinars are planned to introduce the key topics:
Provisional Time Table for Webinars for Sentiment Analysis Week 16 – 20 June, 2014:
|1.||19 March||Richard Peterson, MarketPsych (confirmed)|
|2.||2 April||Marco Dion, JP Morgan (confirmed)|
|3.||15 or 16 April||Stephen Pulman, Oxford University (TBC)|
|4.||29 April||RavenPack (confirmed)|
|5.||7 May||Dan diBartolomeo, Northfield Info Serv. (confirmed)|
|6.||14 May||Jacob Sisk, Thomson Reuters (TBC)|
|7.||21 May||Bloomberg (TBC)|
In recent times, the use of social media, google trends in addition to automated machine readable news has radically altered the landscape of automated trading, trade surveillance, fund management and risk control for the major market participants.
This event brings together from the industry and academia the best of breed contributions who present the latest thinking covering these cutting edge topics.
OptiRisk and AMPL Optimization inc. Partnership (12 Aug. 2013)
AMPL is a leading algebraic modelling language and system for large-scale optimization. It supports linear and non-linear optimization models, connects to many solvers, and is a well-established tool used by academics in many disciplines and by practitioners in diverse industrial sectors.
AMPL was developed initially at Bell laboratories by Robert Fourer, David Gay and Brian Kernighan. AMPL Optimization Inc subsequently acquired full rights to the AMPL product and is now the main developer and vendor of AMPL.
OptiRisk Systems, in 1998, acquired the rights to resell and to add features to AMPL. Notably, OptiRisk developed AMPL Studio and more recently has developed AMPLDev and stochastic extensions to the AMPL language (SAMPL). It is designed to capture a family of alternative Stochastic Programming models and Robust Optimization formulations. For the processing of stochastic models, SAMPL connects to specialised solvers like FortSP, a decomposition based solver for SP. FortSP in turn is built around embedded solvers, FortMP, CPLEX and Gurobi.
The collaboration between OptiRisk and AMPL has been growing over the years. Recently the two companies started a partnership to extend the range of products in the AMPL family. An AMPL IDE and AMPL API have been developed by OptiRisk in partnership with AMPL Optimization . AMPL API is a class library which exploits AMPL features from multiple programming environments, such as Java, .NET, Matlab and R. The designs of these two products are results of close collaboration between the two partner organizations.
A set of three AML tools based on AMPL is listed below:
- AMPL IDE (IP of AMPL Optimization Inc): A basic GUI for AMPL, based on Eclipse
- AMPL API(IP of AMPL Optimization Inc): A library which allows the usage of AMPL from multiple programming environments
- AMPLDev Advanced(IP of OptiRisk Systems): Enhanced GUI for AMPL which includes SAMPL; this is also based on Eclipse.
- AMPL Optimization Inc and OptiRisk Systems are vendors of this family of AMPL tools. Both companies are now inviting modellers (testers) to participate in beta testing for the aforementioned software tools.
OptiRisk and IBM ILOG partnership (24 June 2013)
OptiRisk UK and OptiRisk India are certified partners of IBM. The partnership has been recently strengthened by OptiRisk signing an Application Specific Licence (ASL) deal with IBM which makes OptiRisk an OEM reseller of CPLEX. By this deal OptiRisk is able to bundle AMPLDev and CPLEX and OPL Studio. This enables OptiRisk to provide a general value added service to its clients specializing in optimization . In particular for the clients in financial analytics and supply chain logistics the value addition is substantial as OptiRisk includes its library of models and software in the ‘Optimization Bundle’. OptiRisk led by Professor Gautam Mitra is a spin out from Brunel University. The company exploits the research results of CARISMA: The Centre for the Analysis of Risk and Optimization Modelling Applications as well as other leading academic and industrial research organisations.
Optimization in the Financial Services Sector: IBM UK and OptiRisk Systems
OptiRisk Systems, in association with IBM UK and UNICOM Seminars, has organised a half day forum on Optimization in the Financial Services Sector on November 13, 2012
Click here for more details
Stochastic Programming, Optimization Modeling, News Analytics and Asset Liability Management
OptiRisk is conducting a 4 day workshop (March 14-March 17 2012) at Indian Institute of Management, Calcutta, India, on Stoachastic Programming, Optimization Modeling, News Analytics and Asset Liability Management. The workshop is intended to benefit Quantitative Analysts, Risk Analysts, Software Developers, Operations Research Professionals as well as students and academics. The benefits of the workshop are learning to use optimization in business world and building own optimization models and applications.
Click here for more details
Forward-Thinking Handbook on News Analytics in Finance is Published
OptiRisk, Thomson Reuters and RavenPack contribute expert commentary on news analysis and its application to financial markets
LONDON & NEW YORK - 4th May 2011 - OptiRisk, the optimization and financial analytics provider, today announced the publication of 'The Handbook of News Analytics in Finance', the first compilation of the research from leading industry experts on the impact of news in moving the financial markets. Bringing together recent work from principal researchers, practitioners and suppliers in the field of news analytics the handbook seeks to define the four corners of this increasingly influential discipline.
The use of news analytics tools is now becoming mainstream in financial markets with institutions using such tools to feed high-frequency, sub-second trading engines as well as to aggregate weekly and monthly news data to analyse trends, improve their risk models and hedge against market movements. More recently, trading firms have also looked to interpret the sentiment found in new forms of communication such as Twitter and blogs to generate alpha.
The handbook is designed to deliver a rapid and comprehensive understanding of the main elements of news analytics by featuring research from esteemed professors Andrew Lo, Terrence Odean and Sanjiv Das as well as insight from market practitioners Thomson Reuters and RavenPack who offer products in this space. The handbook is edited by Professor Gautam Mitra who has set out a road-map that professionals and academics can follow to augment or kick-start their skills in the field of news analytics.
"We set out to make this publication a timely and ground-breaking source of knowledge on how qualitative sources of information can be used in the quantitative investment process," said Professor Mitra.
The content is presented in four parts: the first deals with the measurement of sentiment, the second with the relationship between news and abnormal returns, the third with enhancing risk control using news, and the concluding section featuring an industry focus from experts in the vendor community, and a concise summary of the main providers of content and technology in this space.
Following his review of the book, Matthew Lee, Head of Research at BlackRock, said: "The world runs on information and few areas as directly so as in Finance. Now that technology and quantitative techniques have caught up to the live news feed, this volume will be an indispensible addition to the practitioner's library."
Professor David J. Hand, President of the Royal Statistical Society, added: "This book is the first to provide a comprehensive overview of the state of the art. The work described in this volume will enable us to discern and quantify the forces which steer financial markets."
The handbook is published by John Wiley and Sons, Ltd and is available now for purchase.
For OptiRisk Systems:
Business Development Executive
+44 1895 819 486
Business Development Executive
+44 1895 819 478
One of the UK's longest established training and conference companies was subject to a successful Management Buyout on 1 July 2010 and has ambitious plans for growth.
UNICOM Seminars Ltd [ www.unicom.co.uk ], based in Uxbridge, West London specialises in conferences and training in Management Strategy, Business Intelligence and IT.
UNICOM was established in 1984 and now runs over 200 courses and events per year. In 2006, UNICOM was strategically acquired by QAI [ www.qaiglobal.com ] the global "Operational Excellence" consulting and workforce development organisation in order for them to expand in Europe and grow beyond the US and Asia - QAI is now focusing on on its core consulting business in Europe.
Two of UNICOM's long-serving senior management team, Alec McCutcheon and Julie Valentine, led the buyout in a cash purchase backed by investment from OptiRisk Systems [ www.optirisk-systems.com ] a specialist in Financial Risk Management training and software - OptiRisk Systems' CEO, Prof. Gautam Mitra, who is the original founder of UNICOM is re-joining the board of UNICOM as Chairman.
Bucking the current economic trend, UNICOM continues with its existing range of training courses and events, but is also expanding its portfolio to include finance training and vertical industry sector focused conferences including the launch of four new conferences by the end of 2010. Unusually there will be no redundancies as part of change of ownership and the company is recruiting additional team members to facilitate its expansion.
UNICOM also opens an office in Bangalore, India in August 2010 and will be running a broad range of training and events throughout India in topic areas covered in the UK. OptiRisk already has an established operation in India with a young and dynamic management team and have been successfully running a programme of finance training and events [www.optiriskindia.com ].
"The whole team here is very excited about this new chapter in UNICOM's history. During the past few years QAI has invested heavily in the company enabling it to launch many new and innovative conferences and courses whilst retaining the brand and independence on which its reputation was founded. This will continue with our expansion into finance training and events in partnership with OptiRisk - including the launch of four new conferences by the end of 2010", says Alec McCutcheon, Director of UNICOM
"Its going to be fantastic aligning and building on the activities of UNICOM and OptiRisk and I am delighted to be re-joining the board of UNICOM the company I founded more than twenty five years ago. Both companies have great products and a strong heritage and it will be exciting building on their strengths to create a truly global company", says Gautam Mitra, CEO of OptiRisk Systems and Chairman of UNICOM.
For further information, please contact:
The Press Office UNICOM Seminars Ltd OptiRisk R&D House, One Oxford Road Uxbridge, UB9 4DA UK
firstname.lastname@example.org Telephone: +44 (0) 1895 256 484 Fax: +44 (0) 1895 813 095 www.unicom.co.uk