about us
What CCFEA is
The Centre for Computational Finance and Economic Agents
(CCFEA) is a leading edge laboratory-based interdisciplinary
teaching and research centre. Having been fully established in
2004 with a Masters and a PhD Programme, CCFEA has been
recognised as a world leader in the field.
The core research and teaching at CCFEA focuses on:
- Computational Finance is oriented to the non-Gaussian
characteristics of financial markets and operational aspects
of financial markets, financial engineering, portfolio and
risk management. Computational methods include Adaptive and
Reinforced Learning Techniques, Heuristic Optimization and
Evolutionary Computing.
- Computational Economics is geared toward Agent Based
Computational Economics (ACE), Computational Mechanism
Design and Markets as Complex Adaptive Systems. ACE includes
the use of artificially intelligent agents in the study of
self-organising systems, the design of real time trading,
risk and market-based institutions. This also has the
potential to provide policy makers and financial
institutions with a powerful interactive tool to find
answers for 'what-if' questions and to do 'wind tunnel
tests' for market and policy design.
see some simulators
The interdisciplinary faculty at CCFEA attracts high-calibre
postgraduate students with quantitative backgrounds in
Economics, Finance, Physics, Computer Science, Mathematics and
Statistics. In addition to the pursuit of theoretical aspects of
the subject, strong industry links are sought via its
City Associates.
CCFEA is supported by the Department of Economics,
Department of Mathematical Sciences, Essex Business School and School of
Computer Science and Electronic Engineering.
CCFEA is a member of the
Computational Finance and
Economics Network (organised by the
IEEE Computational Intelligence
Society).
What CCFEA does