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P.Refenes@cs.ucl.ac.uk P.Refenes at cs.ucl.ac.uk
Tue Oct 5 11:48:08 EDT 1993




                   CALL FOR PARTICIPATION

                1ST INTERNATIONAL WORKSHOP

           NEURAL NETWORKS IN THE CAPITAL MARKETS

        LONDON BUSINESS SCHOOL, NOVEMBER 18-19 1993




Neural networks have now been applied to a  number  of  live
systems  in  the  capital  markets  and  in  many cases have
demonstrated better performance than  competing  approaches.
Now  is  the time to take a critical look at their successes
and limitations and to assess their  capabilities,  research
issues and future directions.

This workshop presents original papers which  represent  new
and  significant  research,  development and applications in
finance and investment and which cover  key  areas  of  time
series    forecasting,    multivariate   dataset   analysis,
classification and pattern recognition.

Application areas include:

- Bond and Stock Valuation and Trading   - Univariate time series analysis
- Asset allocation and risk management   - Multivariate data analysis
- Foreign exchange rate prediction       - Classification and ranking
- Commodity price forecasting            - Pattern Recognition
- Portfolio management                   - Hybrid systems



PROGRAMME COMMITTEE

Prof. N. Biggs   - London School of Economics
Prof. D. Bunn    - London Business School
Dr J. Moody      - Oregon Graduate Institute
Dr A. Refenes    - London Business School
Prof. M. Steiner - Universitaet Munster
Dr A. Weigend    - University of Colorado


VENUE

All sessions will be held  at  the  London  Business  School
which  is  situated  overlooking Regents Park and is a short
walk  from  Baker  Street   Underground   Station.   Further
directions including a map will be sent to all registrees.



PROVISIONAL PROGRAMME

November 18

8.30           Registration
9.00           Session 1 ADVANCES IN NEURAL NETWORKS

               Chair: D. Bunn, London Business School

               "Predicting the future and understanding the past"
               A. Weigend, University of Colorado

               "Non-linear behaviour of financial markets"
               A. Antoniou, Brunel University

               "Neural networks for financial engineering"
               A. Refenes, London Business School

               "Designing neural networks: Computational Learning Theory"
               N. Biggs, London School of Economics

12.00          Lunch

2.00           Session 2 FOREIGN EXCHANGE: PREDICTION AND TRADING

               Chair: B. Davies, BZW

               Invited talk:
               "Learning and forecasting from hints"
                Y. Abu-Mustafa,  California Institute of Technology

5.00            Poster Session


November 19

9.00           Session 3 BONDS AND DERIVATIVES

               Chair: P. Sondhi, CitiBank

               Invited talk:
               "Bond rating using neural networks"
               J. Moody,  Oregon Graduate Institute

12.00          Lunch

2.00           Session 4 EQUITIES

               Chair: S. Lamoine, Societe Generale

               Invited talk:
               "Neural networks as an alternative market model"
               M. Steiner,  Universitat Munster

5.00           Panel Session

6.00           End of workshop



Submitted Papers include:

-   An investigation into the use  of  simulated  artificial
    neural  networks for forecasting the movement of foreign
    currency exchange Thomas M. Seiler & Jay E. Aronson Nova
    University, Florida, USA

-   Short-Term Forecasting of the USD/DM-Exchange  Rate  Dr.
    Thorsten Poddig Universitdt Bamberg, Germany

-   Estimation  of  implied  volatilities  using  a   neural
    network approach Fernando Gonzalez Miranda University of
    Madrid, Spain

-   Estimating Tax Inflows at a  Public  Institution  D.  E.
    Baestaens,  W.   M.  van  den Bergh & H. Vaudrey Erasmus
    Univerity Rotterdam, The Netherlands

-   Genetic Programming  for  Strategy  Acquisition  in  the
    Financial  Markets  Martin Andrews Cambridge University,
    U.K.

-   Bond Rating with Neural Networks  J.  Clay  Singleton  &
    Alvin J. Surkan University of North Texas, USA

-   Feedforward Neural  Network  and  Canonical  Correlation
    Models  as Approximators with an Application to One-Year
    Ahead Forecasting Dr P. W. Otter Faculty of   Economics,
    Groningen, The Netherlands

-   Dependency  Analysis  and  Neural  Network  Modeling  of
    Currency Exchange Rates Hong Pi Lund University, Sweden

-   Neural  Networks  in  Financial  Forecasting  -  How  to
    develop  Forecasting Models Prof. Dr. W. Gerke & S. Baun
    Friedrich-Alexander-Universitdt,  N|rnberg, Germany

-   Results  of  a  simple  trading  scheme  based   on   an
    Artificial  Neural  Network on the Austrian Stock Market
    Christian Haefke Institut for Advanced Studies,  Vienna,
    Austria

-   Topology-Preserving     Neural     Architectures     and
    Multidimensional  Scaling for Multivariate Data Analysis
    C. Serrano-Cinca, C. Mar-Molinero &  B.  Martin-Del-Brio
    University of Zaragossa, Spain

-   Important factors in Neural Networks- Forecasts of  Gold
    Futures   Prices   Gary   Grudnitski   San  Diego  State
    University, USA

-   Economic Forecasting with Neural Nets:  a  Computational
    Learning  Theory  View  Martin Anthony & Norman L. Biggs
    London School of Economics

-   Application of Neural Networks in Short-Term Stock Price
    Forcasting  G.  M.  Papadourakis,  G.  Spanoudakis  & A.
    Gotsias  Institute  of   Computer  Science,   Herakliom,
    Greece

-   Artificial  Neural  Networks  for  Treasury  Bills  Rate
    Forecasting  Leonardo  Landi & Emilio Barucci Universita
    di Firenze, Italy

-   Forecasting the German Inflation Rate Wietske van Zwol &
    Albert  Bolts  Tilburg  Institute  for  Applied Economic
    Research, Germany

-   Predicting   Gold   Prices   With    Neural    Networks:
    Multivariate  vs  Univariate  Analysis  M.  Pachero,  M.
    Vellasco & A. Abelim Pontificia Universidade Catolica do
    Rio de Janeiro, Brasil

-   Is mean-reversion on stock indices a linear  effect?  D.
    C.    Meir,   R.  Pfeifer,  R.  Demostene  &  C.  Sheier
    Universitdt Z|rich, Switzerland

-   Neural Nets for Time Series  Forecasting:  Criteria  for
    Performance  with an Application in Gilt Futures Pricing
    Jason Kingdon Department of Computer Science, University
    College London

-   Financial   Time   Series   Forecasting   of   Recurrent
    Artificial  Neural Network Techniques Dr. Ah Chung Tsoi,
    Clarence N.W. Tan & Stephen  Lawrence  Bond  University,
    Australia

-   Application of Sensitivity Analysis techniques to Neural
    Network  Bond  Forecasting  U.  Bilge,  A.N. Refenes, C.
    Diamond & J.Shalbolt  Department  of  Computer  Science,
    University College London

-   Multivariate Prediction of financial time  series  using
    recent  developments  in  chaos  theory  Andrew  Edmonds
    Prophecy systems, England

-   Hybrid  Technologies  for  Far  East  Markets  or   "The
    Persistence  of Memory" from Salvador Dali Lee Chay Tiam
    Smith Barney, Singapore

-   Nonlinearities  in  financial  markets  A.  Antoniou   &
    V.Bekos Brunel University

-   Using Neural Networks for  modelling  the  French  Stock
    Market  A.  Zapranis,  Y.  Bentz  &  A.N. Refenes London
    Business School


HOTEL DETAILS

Convenient hotels include:

London Regents Park Hilton
18 Lodge Road, St. Johns Wood, London NW8 7JT
Tel: (071) 722 7722
Fax: (071) 483 2408

Sherlock Holmes Hotel
108 Baker Street, London NW1 1LB
Tel: (071) 486 6161
Fax: (071) 486 0884

The White House Hotel
Albany St, Regents Park, London NW1
Tel: (071) 387 1200
Fax: (071) 388 0091


REGISTRATION

To register, complete the form and mail  to:  Helen  Tracey,
London  Business  School, Sussex Place, Regents Park, London
NW1 4SA, UK. Please note that places are limited and will be
allocated on a "first-come first-served" basis.

For additional information call: (44)-71-262-5050 ext.  3507
Fax: (44)-71-724-7875

-----------------------------------------------------------

REGISTRATION FORM

First International  Workshop  on  Neural  Networks  in  the
Capital Markets

November 18-19, 1993

Name:__________________________________________

Affiliation:___________________________________

Address:_______________________________________

_______________________________________________

Telephone:_____________________________________


Workshop Fee: 200 pounds sterling

Payment may be made by: (please tick)

[ ] Cheque payable to London Business School [ ]  VISA  [ ]
Access [ ] American Express


Card number: ___________________________________


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