IIT Madras’ Research Lab To Boost AI Research In Financial Markets

Chennai: The Indian Institute of Technology (IIT) Madras on Thursday launched a new research lab focused on quantitative finance.

The lab, to be set up with a CSR funding of Rs. 5.65 crore from AlphaGrep Securities, a quantitative trading and investment firm, will study AI for quantitative finance.

This includes research in financial markets and its microstructure, quantitative investment management and risk management.

The AlphaGrep Quantitative Research lab will be set up as part of the Department of Data Science and AI at IIT Madras.

"The time is ripe now to look at how AI can be used for effective and efficient conduct of business of financial institutions. The proposed lab will be precisely addressing this issue," said Prof V. Kamakoti, Director, IIT Madras.

The research centre will likely undertake exploratory projects on applying frontier AI techniques to quantitative finance, and focused courses for students on AI for quantitative finance. The lab will also look into the development of data sets and other resources to enable research.