When the markets stumbled to a weak opening as Trading Day at Stevens got under way in late April, the staggering degree of volatility should have made it impossible for the high…
The Hanlon Financial Systems Center at Stevens Institute of Technology is a state-of-the-art financial research and teaching facility that directly supports academic programs at the undergraduate, master’s and doctoral levels.
The Hanlon Center serves as a platform for financial systems research, and the development, testing and evaluation of software for financial networks and the investigation of cybersecurity 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. Powerful hardware and leading-edge software tools replicate the look and feel of the technologies in place at real-world finance companies.
The Center embraces a systemic perspective on finance, with researchers recognizing the increasing complexity of finance creates opportunities, but also threats for traditional franchises. Traditional concepts of market risk must also address a new set of issues, such as model risk, execution risk, business process risk, software systems integrity, cybersecurity threats and the risks of financial contagion that arise from the heightened interconnectedness of the financial system.
“My internship involved doing quantitative investment risk. It's a position normally reserved for master's students from Berkeley but I was able to get it thanks to the Hanlon Lab and Stevens' technology focus.”
The Center was made possible through the generosity of Stevens alumnus Sean Hanlon, chairman, CEO and chief investment officer of Hanlon Investment Management. Through his vision and support, Stevens has been able to create a world-class facility that allows faculty to do the sort of cutting-edge research demanded by corporate partners in a variety of industries. It further enables students to graduate with an in-demand skills set that translates to immediate impact and success in the workplace.