Managing Risks in Financial Markets: A Market Simulation Approach

Olukorede Eliza Abioye, Babis Theodoulidis, George Dimitrkopoulos, Stuart Hyde, David Diaz

    Research output: Chapter in Book/Conference proceedingConference contributionpeer-review

    Abstract

    Globalization has caught up with both developed and emerging financial markets. Significant technological advancements have been made to keep with the expansion of financial markets. Trading mechanisms and platforms have been upgraded with the use of technology, but the inherent risks and its impact on the markets are still not completely understood. This paper emphasizes on the increasing use of technology in financial markets and identifies the potential risks accompanied with its usage. It also proposes a design for a market simulator and suggests the requirements a market simulator should have in order to accommodate the richness and complexity in the structure of financial markets. Finally, the mechanisms to observe how effectively the simulation works are discussed.
    Original languageEnglish
    Title of host publication2012 Third International Conference on Services in Emerging Markets
    PublisherIEEE
    Pages75-86
    Number of pages12
    ISBN (Print)978-0-7695-4937-8
    DOIs
    Publication statusPublished - Dec 2012

    Keywords

    • Analytical models
    • Biological system modeling
    • Complexity theory
    • Financial Markets
    • High frequency trading
    • Mathematical model
    • Regulators
    • Risks
    • Simulation
    • Stock markets
    • Technological innovation
    • financial market
    • globalisation
    • globalization
    • market simulation approach
    • risk management
    • stock markets
    • technological advancement
    • trading mechanism
    • trading platform

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