Wednesday, April 8, 2009

Artificial Intelligence To Tackle Rogue Traders

From Science Daily:

ScienceDaily (Apr. 8, 2009) — As the Credit Crunch continues to affect the worldwide markets the need for efficient methods to combat financial fraud has become more important than ever. Now researchers at the University of Sunderland are working on a smart computer that they believe will be able to detect insider trading fraud within the stock exchange almost instantly.

CASSANDRA (Computerised Analysis of Stocks and Shares for Novelty Detection of Radical Activities) aims to create a prototype software tool to tackle financial fraud. The project has been awarded £90,000 by Northstar Funding to investigate the feasibility of combining Artificial Intelligence technologies with headline analysis techniques to track suspicious share dealing.

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