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Financial Engineers To Meet Electrical Engineers at CIFEr Conference

NEW YORK -- Once a year, electrical engineers and financial professionals
get together to compare notes and exchange techniques. The occasion is
CIFEr, the annual conference on Comuptational Intelligence for Financial
Engineering. Sponsored jointly by the International Association of
Financial Engineers (IAFE) and the Neural Networks Council of the
Institute of Electrical and Electronic Engineers (IEEE), CIFEr �97 will be
held in New York City at the Crowne Plaza Manhattan, March 23-25. 

The conference begins on Sunday the 23rd with a day of tutorial sessions
designed to introduce financial people to new engineering techniques, and
to introduce engineers to key problems in finance. Presentations on a wide
range of topics and techniques continue for the next two days. 

CIFEr is all about communication between the engineering and financial
communities, said Jack Marshall, conference co-chair and Executive
Director of the IAFE. Our first conference brought together people who
know these computational techniques, people who understand the problem
domain, and practitioners who have discovered how to apply these
techniques to finance. We have discovered that there are a large number of
people in finance interested in learning these techniques and a large
number in engineering who want to understand how the techniques that they
understood could be applied in finance. CIFEr is a forum for bringing
these people together.

Presentations at the conference address a broad range of topics in finance
and tools from engineering. People in finance want to understand how
techniques like neural networks, fuzzy logic, Monte-Carlo simulation, and
chaos theory, might be applied to problems like risk management, portfolio
optimization, pricing, trading and estimating volatility, continued
Marshall. The conference is designed to help them understand what others
have done and to start them on the road to further innovation. 

The program committee, Co-chaired by Alan Tucker, a Financial Engineer,
and Ronald Yager, Professor at the Machine Intelligence Institute at Iona
College, includes some of the best known names in Mathematical Finance and
Financial Engineering. What distinguishes this group, said Tucker, is
that they have all been leaders in applying ideas originally developed in
mathematics to the field of finance.

The Tutorials begin with concurrent morning sessions on Time Series Tools
for Finance, presented by Professor Andreas Weigend, of NYU�s Stern School
of Business; An Introduction to Evolutionary Computation presented by
David Fogel, Chief Scientist at Natural Selection, Inc.;  Models for
Stochastic Volatility presented by Nuno Crato of the New Jersey Institute
of Technology and Pedro J.F. de Lima of Johns Hopkins University. The
afternoon sessions feature An Introduction to OTC Derivatives and Their
Application presented by John Marshall, and GARCH Modeling for Financial
Time Series presented by Douglas Martin, of the University of Washington.

For registration and further information, contact the CIFEr �97 Conference
Office: Phone 800-321-6338 or 714-752-8205. They are also reachable by FAX
at 714-752-7444 or by email at MeetingMgt@aol.com. The conference web
site is at http://www.ieee.org/nnc/cifer97