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CIFT aims to improve the understanding of the U.S. energy supplies and related markets by leveraging high-performance computing resources and data-intensive analytic technologies.  This effort involves a number of experts in high-performance computing, data analysis, mathmatical finances and trading strategists.  They conduct fundamental research with the support from both internal and external sources.  This page contains a brief introduction of the key personel and a list of recent publications.

John Wu is currently the CIFT team lead.  He works actively in Data Management, Data Analysis, and Scientific Computing. He is the inventor the widely used FastBit Sytem, and a profilic developer and author across multiple areas of Data Intensive Science.

David Leinweber is founder of CIFT.  He was a Haas Fellow in Finance at UC Berkeley before joining Berkeley Lab in 2010. Leinweber, has a Ph.D. in applied mathematics from Harvard University, may be best known as the author of Nerds on Wall Street: Math, Machines, and Wired Markets (2009).  He authored a blog at Forbes on financial markets and related topics.

"Security and stability of markets is a national security issue of the first order. This has been made clear by recent events on both macro and micro time scales.We hope this center will stimulate discussion of these topics, and lead to a larger role for advanced computing researchers in understanding markets that have become advanced computers," — David Leinweber, Co-founder of Berkeley Lab's Center for Innovative Financial Technology

CIFT Researchers bring a substantial breadth and depth of experience in super computing, data intensive science, visualization, financial engineering, and computer security to the study of modern markets.

"Financial markets have evolved into high-speed complex systems that play a central role in our nation's—and the world's—economy. Many of the challenges facing the market— security, stability and monitoring—are similar to those in other complex systems where Berkeley Lab is applying its computational expertise. We view this as another strong opportunity to address a problem of great importance to our country," — Horst Simon, Deputy Director for Lawrence Berkeley National Laboratory.

It is striking how many themes in scientific computing and networking are directly relevant to issues faced by participants in financial markets, and to governments that seek to understand, monitor and regulate them. Example of overlapping areas of interest include: Understanding Complex Systems, Simulations Driving Next Generation Technology, Discovery through Visualization, Real-time Analytics, Robust Adaptive Systems and Network Security. In the HPC context, these themes are discussed in the context of applications in many fields, such as physics, chemistry, material science, biology, climate and energy.

It is also striking how, in quite a large stack of publications focusing on high performance computing, there is no mention of markets, despite their intimate relations to technology, and common basis in high-speed large-scale information processing. Advanced computing has a great deal to offer to the world of markets, and market participants of all flavors have a great deal to gain by closer relationships with the advanced computing research community.

Financial markets and high performance computing research are a natural fit in many ways. Markets are a rich area for research. Their data volumes are huge, and their real-time requirements are at the edge of technological capabilities.

David H. Bailey is a Senior Scientist at LBNL. He is a leading figure in both the high-performance scientific computing and computational mathematics fields. He is the author of five books and more than 160 research papers. His contributions have been recognized with several major awards, including the Sidney Fernbach Award from the IEEE Computer Society, the Gordon Bell Prize from the Association of Computing Machinery, and the Chauvenet Prize and the Merten Hasse Prize from the Mathematical Association of America. In the mathematical finance field, he has co-authored four papers with his colleague Marcos Lopez de Prado, who is with Tudor Investments and also an affiliate with LBNL. »See Bailey's paper site for details.

"The recent explosion in ever-more-sophisticated automated trading programs has injected a new and little-understood element of instability into the world of finance and investment, which begs to be better understood. The high-performance computing and financial mathematics communities have much to offer here." — David H. Bailey

CIFT Advisors and Affiliates

»  Dr. David DeMers, Managing Director, Portfolio Strategy, Summer Road, LLC

»  Jeff Lange, Senior Managing Director at Guggenheim Partners

»  Dr. Aaron J. Lebovitz, Principal, Infinium Capital Management

»  Dr. Richard R. Lindsey, President and Chief Executive Officer, Callcott Group LLC

»  Dr. Marcos Lopez de Prado, Senior Managing Director at Guggenheim Partners

» Rishi K Narang, Founding Principal of T2AM

»  Richard V. Rothenberg, High-Frequency Trading, Deutsche Bank

» Larry Tabb, CEO, Tabb Group