IIT Madras launches Quantitative Research Lab

The key outcomes expected from this research centre include exploratory projects on applying frontier AI techniques to quantitative finance, training programmes for different stakeholders in this space, focused courses for students on AI for quantitative finance, and development of data sets and other resources to enable research.

The Professors who will work in this lab include Prof Nandan Sudarsanam, Dr Nirav Bhatt and Dr Arun Ayyar (Adjunct faculty) from the Department of Data Science and AI, IIT Madras.

Prof Ashwin Mahalingam, Dean (Alumni and Corporate Relations), IIT Madras, and Mohit Mutreja, Chairman and Managing Director, AlphaGrep Securities, signed a MoU today towards this collaboration in the presence of Prof B. Ravindran, Head, Wadhwani School of Data Science and Artificial Intelligence, IIT Madras, and other stakeholders.

“Three decades before, the financial institutions were predominantly run by their legal group, the next decade by their finance/audit group and currently by the Information Technology group. The time is ripe now to look at how AI can be used for effective and efficient conduct of business of these institutions. The proposed lab will be precisely addressing this issue,” said Prof V. Kamakoti, Director, IIT Madras.