Interdisciplinary Team wins $450k for Financial Sector Situational Awareness

August 20, 2015

Professors Scott Condie (BYU Economics), Sean Warnick (BYU IDeA Labs, Computer Science), Bob Barmish (Wisconsin ECE), and Jim Primbs (CalState Fullerton, Finance) just won $450k from the Department of Homeland Security to study the systemic vulnerabilities in our finanical system. The project, entitled, “Finanical Sector Situational Awareness Part I: Stock Markets,” is a two year effort that will explore the impact of order book dynamics on the evolution of stock prices. This project, focused on stock markets, anticipates future work expanding the anaysis to understand the potential for manipulation and cascading failures across the entire financial sector.