Next Generational Financial Cyberinfrastucture Workshop

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Overview

The Great Recession of 2008 and the continuing reverberations in the Eurozone have highlighted 
significant limitations in the ability of regulators and analysts/researchers to monitor and 
model the national and global financial ecosystem. This includes the lack of financial 
cyberinfrastructure to ingest and process numerous streams of financial transactions, as well as 
the accompanying data streams of economic activity, in real time. Also absent are open standards
and shared semantics so that this data can be used to populate models of individual markets, 
financial networks and the interconnected ecosystem representing the global financial system. 
The most important challenge is the need to develop computational research frameworks, models 
and methods, in the spirit of past efforts to identify computational grand challenges in a diversity 
of data intensive domains including the biomedical sciences, health information management, 
climate change, etc. The next generation of financial cyberinfrastructure must provide a platform 
that can transform our current approaches to monitoring and regulating systemic risk. 

Organized under the auspices of the University of Maryland's Center for Financial Policy, 
the goal of this workshop (and related activities) is to work closely with federal regulatory 
agencies, academic research communities in computer science, finance, economics and 
other related disciplines, the financial industry and the computing industry. 
The broader impact will include the following:  
* A blueprint for the next generation financial cyberinfrastructure. 
* A computational research framework with models and methods that are needed to transform 
  the monitoring and regulation of systemic risk.
* Best practices for the software industry and a robust regulatory framework.
* Multi-disciplinary Ph.D. level curriculum and doctoral dissertation challenges.

DSfin Financial Entity Identification and Information Integration (FEIII) Challenge

  • CLOSED CHALLENGES (with ground truth for evaluation)
    • Matching between reference resources, e.g., LEI and SEC Central Index Key SEC CIK.


  • [OPEN CHALLENGES]
    • Resolving mentions in a document collection.
    • Creating a Linked Data resource over some public dataset.
    • Extending NAICS to create a more relevant classification for the financial activities of organizations. The challenge is to classify companies.

DSfin Consortium - Meeting Notes and Agenda

  • January meeting
 IBM Presentation
 Berkeley BIDS Media:BIDS.pdf
 Contract Aggregation Framework
  • Friday March 21 Meeting Agenda
 Berkeley BIDS Project: Complex contracts, e.g., mortgage backed securities. 
 Discussion on Indices.
 DSfin / IBM MIDAS / LEI / Financial BIGDATA Challenge
  • TO DO
 NSF DIBBS NSF DIBBS April 9
 NSF BIGDATA NSF BIGDATA June 9

  • ACTION ITEMS from March
 Paulo and Sekar and Louiqa to identify relevant tasks for a Berkeley BIDS Summer Internship
 - Summary page
 - Contract structure

Workshop Sponsor

National Science Foundation, Division of Information & Intelligent Systems

Organizers

Organizers
* Louiqa Raschid, Professor, University of Maryland
* H. V. Jagadish, Bernard A Galler Professor, University of Michigan
* Michelle Lui, Assistant Director, Center for Financial Policy, University of Maryland
Advisory Committee and/or Report Writing Committee sponsored by the Computing Research Association / Computing Community Consortium [1]
* Mike Bennett, EDM Council
* Phil Bernstein, Microsoft
* Andrea Cali, Oxford Man Institute of Quantitative Finance and University of London
* Benjamin Grosof
* A. “Pete” Kyle, Charles E. Smith Chair in Finance, University of Maryland
* Joe Langsam, Committee to Establish the NIF; formerly of Morgan Stanley
* Leora Morgenstern, Technical Fellow and Senior Scientist, SAIC
* David Newman, Vice President for Enterprise Architecture, Wells Fargo
* Frank Olken
* Rachel Pottinger, University of British Columbia
* Chester Spatt, Pamela R. and Kenneth B. Dunn Professor of Finance, Carnegie Mellon University
* Lemma Senbet, William E. Mayer Chair in Finance and Director, Center for Financial Policy, University of Maryland
* Nancy Wallace, Professor, University of California
* Michael Wellman, University of Michigan

Participants

For a list of participants click here

Background Reading

For a list of articles click here

Agenda

For the agenda click here

Research Challenges

For the challenges click here

Logistics

When and Where

July 19-20, 2012

9am-5pm

Waterview Conference Center

1919 North Lynn Street

Arlington, VA 22209

24th Floor

For more information regarding workshop location, accommodations, and travel, click here

Sloan Foundation Call for Proposals Related to LEI

The Alfred P. Sloan Foundation [2]

Report and Dissemination

CRA CCC Blog

Report File:NSF-NextGen.pdf

ISWC 2012 Tutorial

For details about the tutorial click here

Karsha

Pariksha Document Annotation and Semantic Search

click here

CRI CI-P and CI Proposal

click here

DIBBs Proposal

click here

UMIACS-Smith Financial Cyberinfrastructure Srping 2013 Seminar Series

click here

DTCC

click here

Meeting Notes

November 27
* Lemma will invite Dick Berner for a campus meeting possibly with the President and Provost.
  Dick may also be interested in presenting a talk about the OFR?
* Louiqa will prepare a 1 page description to motivate a cluster-hire.
* Louiqa will follow up with the Development Office.
  (Morgan Stanley, Bank of America, Nomura)