IIM Calcutta organizes Conference on ‘Sentiment Analysis in Finance

By 121 News

Chandigarh 22^nd March:- IIM Calcutta, in association with Unicom, London, recently organized a two-day conference on 'Sentiment Analysis in Finance: Intelligence and Insights into Trading and Markets' on 10-11 March 2016 at Raffles City Convention Centre, Singapore. This is the first time IIM Calcutta has organized a conference in international grounds. About 70 participants- bankers, hedge fund managers, traders and academics, attended the conference.

The conference focused on the application of Sentiment Analysis to the respective models of trading, fund management and risk control. The conference saw speakers including academics from IIM Calcutta, Warwick Business School, UK, University of Milano-Bicoca, Vrije Universiteit, Amsterdam and practitioners from Thomson Reuters, OptiRisk Systems, and Northfield Information Services.

Professor Ashok Banerjee, Faculty-in-charge, The Financial Research and Trading Laboratory, IIM Calcutta shared that sentiment analysis is a new field of research and has wider applications in finance including modelling volatility, liquidity and as a measure of risk control. This branch of research is widely gaining popularity among the participants of financial markets, viz, hedge funds, dealers, market makers, investment banks and regulators. Sentiment analysis is also used in the field of consumer behaviour.

Researchers at the Financial Research and Trading Laboratory (Finance Lab) of IIM Calcutta have been working on sentiment analysis for the past two years and have developed a few models to capture investors' attention and market sentiment. The Finance Lab of IIM Calcutta is presently developing default prediction model using content analysis. This is a new field of research and the Finance Lab of IIM Calcutta is taking lead in this new frontier of research. Sentiment analysis has applications beyond the field of finance to cover areas such as consumer behaviour, consumer brands.