Intra-day Stock Price Prediction as a Measure of Market Efficiency

Jun 14, 2019



Finance is a rich domain for AI and ML research. Model-driven strategies for stock trading and risk assessment models for loan approvals are quintessential financial applications that are reasonably well-understood. However, there are a number of other applications that call for attention as well. In particular, many finance domains involve ecosystems of interacting and competing agents. Consider for instance the detection of financial fraud and money-laundering. This is a challenging multi-agent learning problem, especially because the real world agents involved evolve their strategies constantly. Similarly, in algorithmic trading of stocks, commodities, etc., the actions of any given trading agent affects, and is affected by, other trading agents -- many of these agents are constantly learning in order to adapt to evolving market scenarios. Further, such trading agents operate at such a speed and scale that they must be fully autonomous. They have grown in sophistication to employ advanced ML strategies including deep learning, reinforcement learning, and transfer learning. Financial institutions have a long history of investing in technology as a differentiator and have been key drivers in advancing computing infrastructure (e.g., low-latency networking). As more financial applications employ deep learning and reinforcement learning, there is consensus now on the need for more advanced computing architectures--for training large machine learning models and simulating large multi-agent learning systems--that balance scale with the stringent privacy requirements of finance. Historically, financial firms have been highly secretive about their proprietary technology developments. But now, there is also emerging consensus on the need for (1) deeper engagement with academia to advance a shared knowledge of the unique challenges faced in FinTech, and (2) more open collaboration with academic and technology partners through intellectually sophisticated fora such as this proposed workshop.


About ICML 2019

The International Conference on Machine Learning (ICML) is the premier gathering of professionals dedicated to the advancement of the branch of artificial intelligence known as machine learning. ICML is globally renowned for presenting and publishing cutting-edge research on all aspects of machine learning used in closely related areas like artificial intelligence, statistics and data science, as well as important application areas such as machine vision, computational biology, speech recognition, and robotics. ICML is one of the fastest growing artificial intelligence conferences in the world. Participants at ICML span a wide range of backgrounds, from academic and industrial researchers, to entrepreneurs and engineers, to graduate students and postdocs.

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