Kent State University’s Center for Financial Engineering announced today that it has received a generous grant from Market Data & Analytics, a division of Deutche Boerse Group, to research Eurex’s Historical Order Book. 

Eurex, one of the world’s leading derivatives exchanges, operates the most liquid fixed income markets in the world. Eurex’s Historical Order Book provides in-depth historical intraday market data that is time stamped with an accuracy of ten milliseconds. Through theMarket Data & Analytics research grant, Kent State University’s Center for Financial Engineering has the unique opportunity to study this data for the purpose of furthering the fields of finance and derivatives trading.  

“This initiative speaks to our philosophy of operating to the most exacting standards to create products and services to meet the needs of international financial markets,” says Georg Gross, Market Data & Analytic’s executive director. “Partnering with Kent State University’s Center for Financial Engineering befits such a commitment.”

“This is an invaluable opportunity for Kent State,” says Kent State Provost Robert Frank. “The research supported by this grant will build on Kent State’s Center for Financial Engineering’s reputation as an internationally recognized center dedicated to the progressing knowledge of derivatives and the expansion of financial engineering research.”

“We’ll benefit from the grant on several levels,” says Dr. Mark Holder, director of the financial engineering program and chairman of the university’s Department of Finance. “Our Ph.D. students will utilize the data for testing academic market theories; while our Master of Financial Engineering students will test their knowledge of markets and trading mechanisms. Plus, our faculty has the chance to conduct innovative research, having great potential for providing practitioners and academics alike new insights into areas such as liquidity, market depth and derivative microstructures.”   

Additionally, according to Holder, Kent State houses one of the leading journals in derivatives research, the Review of Futures Markets (RFM), formally published by the Chicago Board of Trade. “It is highly likely, if the research meets expectations, that RFM will be a venue for releasing the research findings from the Market Data & Analytic’s grant.”

Deutsche Boerse Group is one of the world’s leading exchange organizations providing investors, financial institutions and companies access to global capital markets.  Deutsche Boerse Group covers the entire process chain from securities and derivatives trading, clearing, settlement and custody, through to market data and the development and operation of electronic trading systems.

Kent State University’s Center for Financial Engineering is dedicated to the advancement of knowledge in derivatives and a catalyst for the development of the field of financial engineering through education, training, and research. The Center for Financial Engineering hosts the Master of Science in Financial Engineering (MSFE) program, the Olga A. Mural Financial Engineering Trading Floor, the Asia-Pacific Futures Research Symposium and the Review of Futures Markets journal.

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Media Contact:

Michelle Parrish, mparris3@kent.edu, 330-672-2717