BMO Capital Markets has awarded a $20,000 scholarship towards a Ph.D. student’s research into algorithms for high-frequency trading.
The investment and corporate banking arm of BMO Financial Group named Jason Ricci, a second-year PhD student in the Department of Statistics at the University of Toronto, as the recipient of its annual Advanced Research Scholarship.
As the winner of the firm’s scholarship, Ricci receives a $20,000 honorarium to pursue his research on the topic of algorithmic trading “with self-exciting marked point processes, which develops a strategy specifically designed to maximize utility in high-frequency markets and that can be calibrated, updated and executed in real-time,” the firm says.
“We received a number of impressive submissions again this year, and Jason’s research on algorithmic trading stood out as a leading proposal,” said Patrick Cronin, head of trading products, BMO Capital Markets.
Ricci has a Master of Mathematical Finance from the University of Toronto and a B.Sc. specializing in Actuarial Science in the Department of Statistics at the University of Toronto. BMO’s scholarship, which has been in place for four years, was created to advance and recognize exceptional research in capital markets.