Computational Finance and Economics Technical Committee

(CFETC)

Chair: Uzay Kaymak (NL)

Vice-Chairs: Akira Namatame (JP)Chenghui Cai (US)

TC Report for 2013 June AdCom Meeting

CFETC Members

2012 Dec AdCom 2013 June AdCom

42 Members 43 Members

North America: 11 North America: 7

Latin America: 0 Latin America: 1

Europe: 21 Europe: 20

Africa: 1 Africa: 1

Asia: 7 Asia: 10

Oceania: 2 Oceania: 2

Male: 38, Female: 4 Male: 35, Female: 6Members from Industry: 6 Members from Industry: 6

New Members: 0 New Members: 10

CFETC Members

110

20

1

72

CFETC Members by Region

Africa

Asia

Europe

Latin Americas

North Americas

Oceania

Austra

lia

Belgium

Brazil

Canad

aChin

a

Egypt

Finlan

d

Germ

any

India

Irelan

dIs

rael

Japa

n

Korea

Nethe

rland

s

Poland

Singap

ore

Spain

Switzer

land

Taiwan

Turke

y

United

King

dom

USA

0

1

2

3

4

5

6

2

1 1

2 2

1 1

3

2

1 1 1 1

4

1 1

3

1

2

1

4

5

CFETC Members by Country

Count

CFETC Main ConferenceCIFEr : IEEE Symposium on Computational Intelligence

for Financial Engineering & Economics

Year Location Attendees Submitted Accepted Oral Poster

07

08

09 Under SSCI 21 13 (62%)

10

11 Under SSCI 28 21 (75%) 21 0

12 New York 110 93 65 (70%) 50 15

13 Under SSCI 22 20 2

14 London

15 Under SSCI

16 Macau (TBC)

1. Agent-Based Computational EconomicsChair: Shu-Heng Chen

2.  Advanced Algo TradingChair: Philip Yu

3. Portfolio OptimizationChair: Dietmar Maringer

4. Business Intelligence & Knowledge ManagementChair: Xin-she Yang

5. Behavioural Analysis and Decision SupportChair: Ronald R. Yager

6. Energy Markets (discontinued in 2013)

CFETC Task Forces

Activities at SSCI 2013

• Two tutorials, by• Prof. Robert Marks• Prof. Akira Namatame

• Four sessions organized by task forces• 20 presentations

• Poster session• 2 presentations

Planned Activities 2013

• Revitalize less active task forces• Using CIS events to activate members

• Set up new task force on CFE education• also liaison with CIS Education Committee• First activity in 2014

• Workshop on CI and XBRL• Planned location New York

• Special issue proposal based on extended versions of selected papers in CIFEr

Planned Activities 2014

• CIFEr 2014: IEEE Symposium on Computational Intelligence for Financial Engineering & Economics

• WCCI 2014: Special sessions or tracks

• Editing of special issues and educational activities

CIFEr 2014(27-28 March, London)

http://www.ieee-cifer.org/

Presence by IEEE CIS President: opening by prof. Xin Yao

Special Sessions (TBC):1. Portfolio Optimization

2. Agent-based Financial Markets

3. Business Intelligence

4. Financial Decision Support

5. Computational Intelligence for Algorithmic Trading

Tutorials (TBC):

1. Computational Intelligence in Finance

2. Agent-based Computational Economics and Finance

Panel (TBC):

1. Recent Advances in Algorithmic Trading

Workshop:

1. Computational Intelligence and XBRL

Spring School on Computational Finance:

• Joint event with CIFEr 2014 for graduate students

Planned Activities at CIFEr 2014

Other Major Activities for CIS

Special Issues for CIS-Sponsored IEEE Trans. and CIMPropose special issue for a CIS Transactions based on papers from CIFEr 2013 (and possibly CIFEr 2014)

Major Activities for Other CIS-Sponsored ConferencesTwo special sessions at WCCI 2014

Panel discussion on Algorithmic Trading at WCCI 2014

First Workshop CI and XBRL (autumn 2013)

Major Activities for IEEE PressProceedings of IEEE 2014 Conference on Computational Intelligence for Financial Engineering and Economics (CIFEr 2014)

1. Organization of CIFEr conference in view of new format of SSCI

• CIFEr as a separate conference• CIFEr as part of annual SSCI• CIFEr as part of SSCI every two years

2. Creation of new task forces: establish TF on education3. Content and organization of CIFEr 2014

• Special sessions• Spring school• Workshop on XBRL

4. Use of social media by CFETC: LinkedIn Group

Discussions in the 2013 TC Meeting

We discussed the following issues at the TC Meeting.

CFE LinkedIn Group

http://www.linkedin.com/groups/Computational-Intelligence-Financial-Engineering-Finance-1388887

1. Reorganize TFs: start TF for education (2013) and TF for industry liaison (2014).

2. Ensure success of CIFEr 2014 and organize CFETC annual meeting in CIFEr to encourage community building within CIS activities.

3. Continue the efforts to apply for special issues to be published in IEEE journals to promote computational finance and economics in IEEE society.

Note for 2013/2014

2013 Annual Task Force Report

Portfolio Optimization

Chair: Dietmar MaringerVice-Chair(s): Sandra PaterliniMembers:

Activities in 2013:1. Session at CIFEr 2013

Planned Activities in 2014:2. SS/panel Session at CIFEr 2014

2013 Annual Task Force Report

Business Intelligence & Knowledge Management

Chair: Xin-She YangVice-Chair(s): Ivan JeliakovMembers:Monica Chis (Romania) Lipika Dey (India)Simon Fong (Macau) Riddhiman Ghosh (India)Paromita Goswami (India) Babita Gupta (India)Umesh Rao Hodeghatta (India) Suash Deb (India)Rabindra K.Jena (India) Luiz Moutinho (UK)Puspalata Pattojoshi (India) B. M. Subraya (India)

Activities in 2013:

1. Contribute to sessions at CIFEr 2013Planned Activities in 2014:1. SS/panel Session at CIFEr 2014

2013 Annual Task Force Report

Behavioral Analysis & Decision Support

Chair: Ron YagerVice-Chair(s): Antoaneta Serguiva, Edward Tsang, & Robert GolanMembers:Christopher Clack (UK) G.A. Vijayalakshmi Pai (India)Thierry Michel (India) Peter Sarlin (Finland)Fang Liu (Australia) Paresh Date (UK)Monira Aloud (UK) Marcin Detyniecki (France)

Activities in 2013:

1. Contribute to sessions at CIFEr 2013Planned Activities in 2014:2. Session at CIFEr 20143. Spring School in conjunction with CIFEr 20144. Special issue based on selected presentations from CIFEr

2014

2013 Annual Task Force Report

Agent-based Computational Economics

Chair: Shu-Heng ChenVice-Chair(s):Members:

Activities in 2013:

1. Session at CIFEr 2013

2. Special issue proposal (CIS Transactions)

3. International Workshop on Computational, Cognitive and Behavioral Social Science (CCB), 6-8 Dec. 2013, Taipei, Taiwan (https://sites.google.com/site/taai2013tw/taai2013ccbss )

Planned Activities in 2014:4. Session at CIFEr 20145. Session at WCCI 20146. Proposal for an edited volume

2013 Annual Task Force Report

Advanced Algo Trading

Chair: Philip YuVice-Chair(s): Chenghui Cai, Daniel ParaschivMembers:

Activities in 2013:

1. Contribute to sessions at CIFEr 2013

Planned Activities in 2014:2. Panel/session at CIFEr 20143. Panel/session at WCCI 2014