7th Annual Modeling HF Data in Finance Conference

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Welcome to the Financial Systems Center

FSCThe Financial Systems Center (FSC) at Stevens Institute of Technology is a state-of-the-art financial research and teaching facility that supports programs at the undergraduate, master’s and doctoral levels.

The first of its kind in the United States, the FSC will serve as a platform for financial systems research, and the development, testing and evaluation of software for financial networks and the investigation of cyber-security challenges in the financial domain. The Center was formed to apply systems thinking and related methods to analyze, understand, and characterize the behavior of the complex global financial system.

The FSC supports several graduate program in Financial Engineering, Software Engineering and Systems Security Engineering, offering Masters and PhD degrees, and several undergraduate programs among them: Quantitative Finance, Cybersecurity, Computer Science and Business & Technology.

The Systemic Perspective on Finance

The Systemic Perspective on FinanceThe financial world has been transformed in the last twenty years by the introduction of advanced technologies and new quantitative methods. Financial markets today operate at a much higher speed, and are much more interconnected. Trading volumes have exploded. Volatility and “correlation” are spiking. The Global 24/7 Market is the new reality. This complexity creates a new Upside and a huge new Downside. There are opportunities to enhance financial performance, but also new threats to many traditional franchises. It has exploded our perspective on risk. In addition to traditional concepts of market risk and credit risk, we must address a new set of issues such as model risk, execution risk, business process risk, software systems integrity, cyber-security threats, and looming over everything the risks of financial contagion that arise from the heightened interconnectedness of the financial system.