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Artificial Intelligence Application in Algorithmic Trading: Two-day Workshop

16 – 18 October 2018

With hundreds of prices flashing on and off the electronic platforms every millionth of second and unforeseeable market-moving news hitting the screens at any moment, to capture a perfect trade at lightning speed can no longer be accomplished by mere numeric computation or formulae-driven programmes, not to mention the obsolete reliance on human naked eyes and nimble fingers. With the evolution of AI technology picking up speed in the past decade, automation of trading has been empowered by advanced algorithms that teach machines to perform reasoning, data crunch, news analysis, trade decision making, price capturing, and trade execution the human way but all in less than a millionth second.

  • This is a two-day rigorous and intensive program which will sow the seeds for traders wanting to pursue research in how data science can be applied to trading in the financial markets.
  • Who should attend: trader, portfolio manager, individual investor, college students from finance, investing, data science, quantitative finance, financial engineering background.
  • Students are required to bring their laptops. (Charging points available)
  • Day-one will start with an introduction session (refer to Part One of Course Content) for both heads of trading/managers and traders/participants to know what the traders will benefit from the workshop
  • Several algorithms will be discussed with examples on how we can apply them to trading.

Course Details (Subject to changes)

Workshop Dates : 16 & 18 October 2018 (Tue & Thu), 9:00 am – 5:00 pm
Venue for Workshop : SGX Centre, SGX Academy Room 1&2, 2 Shenton Way, Singapore 068804
Tutorial Date : 17 October 2018 (Wed), 3:00 pm – 5:00 pm
Venue for Workshop : Trademark Room, 9 Raffles Place, Level 18, Republic Plaza II, Singapore 048619
Introductory Course Fees : S$400 (SBMA members); S$500 (non-SBMA members), Price is inclusive of coffee breaks.
Cancellation policy : We reserve the right to cancel or re-shcedule the program. In case of cancellation, we will refund 100% of the fee duly received

Course Content

Part One: Introduction to Artificial Intelligence
  1. What is A.I.?
  2. Why now?
  3. Machine Learning – major models
  4. Deep Learning – major models
  5. Assessing model performance
  6. Pitfalls: Shortcoming and expensive errors

Key takeaway: Flash cards where algorithms are defined in a few lines with no (almost no) mathematical reference.

Trading Heads/Managers are also welcomed (complimentary) to attend this session.
We will make a quick introduction to AI technology to those who do not have any prior exposure to AI algorithms, and who are capable of driving change in their organization and want a quick adequately detailed understanding of what is in the algorithms.
Part Two: Artificial Intelligence Rigor
Algo Suite One

  1. Logistic regression
  2. Linear discriminant analysis
  3. Regularization

Key takeaway: Practical implementation of Algorithm to trade gold futures in any time frame.

Algo Suite Two

  1. Decision trees
  2. Ensemble methods
  3. Support vector machines

Key takeaway: Practical Implementation of Algorithm to trade correlation.

Algo Suite One

  1. Neural networks
  2. Multilayer perception and hyper parameter tuning
  3. Convolutional networks
  4. Recurrent neural networks
  5. Unsupervised learning algorithms

Key takeaway: Practical implementation of Algorithm to trade listed options.

This session is for traders.
We will cover all the major algorithms in detail and deliver an intuition behind the mathematics of each algorithm. We will implement live programing exercises with participants. This is for participants who want to launch themselves into the rigorous application of machine learning in trading financial instruments.

Speakers

Avirath Kakkar

Avirath is the head of strategy at EIS Global, an algorithmic trading firm trading liquid financial markets across the globe.
Avirath is obsessed with the application of data science to financial markets. He spends huge amount of his time on portfolio optimization and in the search of alpha through the application of data science algorithms. He started this journey in 2014 and has spent countless hours understanding and applying decision trees, neural networks, memory models, reinforcement learning algorithm’s and the like. He firmly believes the extent and scope of what data science can do is near infinite.
Prior to starting his firm in 2016, Avirath was a fund manager at Balyasny Asset Management co-running a portfolio with USD 350mm under management. Before Balyasny, he worked at JP Morgan in the commodity structuring and at Standard Bank managing precious metal global option book out of Asia.

Arvin Sahni

Arvin has 10 years of work experience in data science, financial markets and software engineering. She started her career with Oracle India as a member of the e-business suite application development team. After completing her MBA, she joined Citibank in Singapore specializing in providing structured investor solutions for commodity assets before moving to a sales role covering both corporate and institutional clients from the metals markets in APAC ex Japan and Australia.
With a strong career graph thus far, Arvin decided to shift her focus to her passion in Data Sciences. She enrolled into the UC Berkeley’s Master in Information and Data Science. While pursuing her masters, Arvin joined Limnah Capital Pte Ltd., a macro hedge fund, as a board member with the responsibility of developing algorithmic trading strategies based on machine learning.

Tianyi Zhang

Tianyi recently joined EIS as a research associate. He was offered full scholarship to study in National University of Singapore majoring in electrical engineering. During his study, he found his interests in Data Science and pursued a Master in statistics at NUS therefore. With the passion in applying Machine Learning to financial market, he joined EIS after his graduation.

For more information, please visit sbma.org.sg or contact Lynn at +65 6823 8011 / lynn.yap@sbma.org.sg.

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9 Raffles Place,
Level 18, Republic Plaza II
Singapore 048619
Singapore

Singapore Bullion Market Association Secretariat-Lee-Jia-Yi

Lee Jia Yi

OPERATIONS & ADMIN EXECUTIVE
Before joining SBMA, Jia Yi worked as an Admin & Reporting Officer in her previous role. She holds a Diploma in Business & Social Enterprise from Ngee Ann Polytechnic. Jia Yi is responsible for managing and maintaining physical and digital files in SBMA, supporting invoicing processes, reconciling receivables and payables, coordinating meetings and conferences. Additionally, she will provide support to the team and assist the Business Director in managing the Association’s office operations and general administrative activities.

SECRETARIAT SBMA-Emily-Oh

Emily Oh

OPERATIONS & ADMIN EXECUTIVE
Emily Oh is the Operations & Admin Executive, a seasoned professional who values teamwork and effective communication. She is skilled at adapting to new challenges and takes a proactive and resourceful approach to every task. Before joining SBMA, Emily had experience coordinating international travel arrangements and spearheading community initiatives. Her role at SBMA will be providing operational and administrative support for projects and other matters to the team.

SECRETARIAT SBMA Clara-Chang

Clara Chang

MARKETING & COMMUNICATIONS EXECUTIVE
Clara Chang joins SBMA as the Marketing & Communications Executive, enriching the team with her extensive experience in content creation, social media management, and digital marketing. Prior to joining SBMA, Clara held the position of Marketing Executive at her previous job. She holds two bachelor’s degrees from the University at Buffalo, one in International Trade and another in Geographical Information Science. Her core duties will include maintaining the SBMA website, managing the quarterly Crucible newsletter, among other responsibilities.

SBMA Committee-Photo-john-levin

Mr John Levin

Global Metals
TD Securities
John Levin is the Head of Metal Sales & Trading – APAC at the Toronto Dominion Bank’s Singapore office. Prior to this role, he devoted seven years to leading precious metal sales for the ANZ banking group in his home country, Australia. Notably, from 2009 to 2011, John played a significant role on the management committee of the London Bullion Market Association while serving as the Head of Precious Metals Sales for HSBC Global Banking and Markets in the UK.

SBMA Secretariat-Fabian-Lew

Fabian Lew

MARKETING & COMMUNICATIONS OFFICER

Fabian was a Business Development and Marketing Associate before joining SBMA. He graduated from Singapore Management University with a Bachelor’s degree in Economics.

He has joined SBMA since February, 2022.

SBMA-margare-secretariat

Margaret Wong

BUSINESS DIRECTOR

Margaret Wong, Business Director at SBMA (Singapore Bullion Market Association), brought valuable experience from her previous role at the World Gold Council (WGC). Her tenure at WGC provided her with extensive exposure to the gold community in Singapore and the broader region. This background has been instrumental in establishing strong working relationships within the industry.

Margaret’s role at SBMA encompasses a diverse range of responsibilities. She oversees office management, business support processes, finance, and administrative functions essential for the smooth operation of the team and management committee. Additionally, Margaret handles membership matters, member communications, and addresses public inquiries related to SBMA.

One of Margaret’s key responsibilities is coordinating with the Event Management Company for SBMA’s prestigious annual event, the Asia Pacific Precious Metals Conference. This flagship conference plays a crucial role in the industry, making her involvement pivotal in its success.

Described as resourceful and self-motivated, Margaret Wong brings a wealth of skills and experience to her role at SBMA, ensuring efficient operations and effective engagement within the precious metals community in Singapore and beyond.

SBMA-Albert-secretariat

Albert Cheng

Chief Executive Officer

Albert Cheng joined the World Gold Council in March 1993 as a Regional Manager, becoming Managing Director, Far East in 2003. He retired at the end of March 2015 and was subsequently named its Advisor. He has also been an International Advisor to the Shanghai Gold Exchange since 2002.

His marketing career began with Dentsu Young & Rubicam, Hong Kong in the early 80’s. He began gold marketing in July 1985 when he joined the Royal Canadian Mint as a Regional Manager for Southeast Asia.

He was appointed honorary CEO of SBMA in November 2015. He is responsible for the success and strategic development of SBMA, represents the interests of the Association, and is responsible for all the legal and regulatory aspects of the work of the Association. He is the primary contact for regulators and government bodies on bullion market development.

Ms Pawan Nawawattanasub

Ms Pawan Nawawattanasub

CEO
YLG Bullion Singapore Pte Ltd

Pawan is the CEO of YLG Bullion Singapore and founder of YLG Bullion International. She has almost 40 years of experience in the jewellery industry and established YLG in Thailand in 2003. In 2012, she brought YLG to Singapore. She sits on the Board of Directors of the Thailand Gold Traders Association, the Thailand Futures Exchange’s Arbitration Committee, and the Rotary Bangkok committee. She holds a master’s degree in Political Science.

SBMA-Shaokai-Fan

Mr Shaokai Fan

Head of Asia-Pacific (ex China) and Global Head of Central Banks
World Gold Council
Shaokai Fan is the Global Head of Central Banks at the World Gold Council, responsible for advising governments on gold matters, and enhancing the gold market through engagement, dialogue, and thought leadership. He works directly with central banks and sovereign wealth funds on investment considerations. Prior to this position, Shaokai held multiple roles at Standard Chartered Bank, including Director for Asia Strategic Initiatives and Associate-Director for Public Sector coverage. Shaokai holds a Masters of Public Administration from Columbia University and the London School of Economics, and an undergraduate degree in finance and economics from New York University.

SBMA-Committee-Alan-Liew

Mr Alan Liew

Head of Bullion & Commodities Trading
United Overseas Bank Limited
Alan is Head of Bullion and Commodities Trading for Group Trading in Global Markets, United Overseas Bank (UOB). Alan joined UOB and started the bank’s commodities trading business in 2014, previously he spent eight years in Standard Chartered Bank (SCB) trading both precious and base metals. During his tenure at SCB, he obtained the SGE gold trader licence and was part of the pioneering team for the SGE business and the FX quantitative trading team. Prior to trading, he worked for Monetary Authority of Singapore in the Financial Risk Management Division. He holds a BSc (Hon) in Computer Science at National University of Singapore and a MSc in Financial Engineering at Nanyang Technological University.

SBMA-Committee-Nikos

Mr Nikos Kavalis

Managing Director
Metals Focus Singapore Pte Ltd
Nikos Kavalis is a founding partner of Metals Focus. He has over 20 years of experience in precious metals, having previously worked for the Royal Bank of Scotland and GFMS. Since September 2019, Nikos has been based in Singapore, where he also runs the local subsidiary of Metals Focus.

SBMA-Committee-khun nuttapong

Mr Nuttapong Hirunyasiri

CEO
MTS Gold Global Trading Pte Ltd
Nuttapong Hirunyasiri is the CEO of MTS Gold Group, one of Thailand’s top 10 companies and top 3 bullion companies. He started MTS Gold Group’s first overseas office in Singapore and has been expanding the group business internationally. He focuses on product development and innovation for gold investment, with the aim of being a leader in providing the full suite of gold investment services in the ASEAN region.

SBMA Committee-Photo-Raman-Walia

Mr Raman Walia

Executive Director, Head of Commodities Sales – APAC
JP Morgan Chase Bank N.A.

Raman is Executive Director and Head of Commodities Sales, APAC, for J.P. Morgan. He joined JPMorgan in 2008 in New York, moved to Singapore in 2011, and helped expand the precious metals business in the region. Raman has an MBA from Cornell University, and likes to travel in his spare time.

SBMA Committee-Photo-Andrew-Clarke

Mr Andrew Clarke

Head of Brink’s Global Services
Brink’s Global Services Pte Ltd

Andrew Clarke is the Head of BGS (Brink’s Global Services) for Singapore, Indonesia, Malaysia and Brunei. He has held various leadership positions throughout his career in secure logistics and risk management with Brink’s, which started in Hong Kong in 2010. Andrew relocated to Singapore in 2018 to expand the precious metals line of business along with Brink’s portfolio of services and industries.

SBMA Committee-Photo-Kazuya-Naoki

Mr Kazuya Naoki

Head of Metals, Asia
ICBC Standard Bank Plc, Singapore Branch

Kazuya (Kaz) Naoki is the Head of Metals, Asia of ICBC Standard Bank in Singapore and is responsible for the precious & base metals sales and trading in the region. He joined Standard Bank Plc Tokyo Branch in 2008 and was relocated to its Singapore Branch in 2013 whose controlling stake was acquired by the Industrial and Commercial Bank of China in 2015. Prior to joining Standard Bank, Kaz spent 11 years focusing on commodity trading and risk management with Mitsui & Co in Tokyo, Sydney and London. Kaz has been serving on the SBMA Management Committee since 2016.

SBMA Committee-Photo-Vinh-Nguyen

Mr Vinh Nguyen

Head of Precious Metals, Asia
StoneX APAC Pte Ltd

Vinh Nguyen joined StoneX Group in Singapore at the beginning of 2008 and responsible for its APAC precious metals activities since 2019 until now.

SBMA Committee-KL-Yap

Mr KL Yap

General Manager, Singapore Refining Business Unit
Metalor Technologies (Singapore) Pte Ltd
KL YAP is the General Manager of Metalor Technologies (Singapore) Pte Ltd’s Singapore Refining Business Unit. He joined Metalor in 2013, initially in Refining Sales. In 2014, he became Refining Business Unit Manager, leading the development of a new precious metal refinery. KL was Vice Chairman of SBMA from 2017 to 2021, now serving as Chairman. With a degree in business commerce, finance, and marketing, he brings prior experience from refinery and heavy industries.