23 September 2014
Congratulations to Faculty of IT Ph.D. student, Varsha Mamidi, who won a best paper award at the IDRBT Doctoral Colloquium in December 2013. IDRBT (Institute for Development and Research in Banking Technology) is a research wing of the Reserve Bank of India.
Varsha received a cash prize of 50,000 Indian rupees (approximately AUD$1,000) for her work titled ‘Learned' Orders versus ‘Observed' Orders: Applying Machine Learning Methods in Stock Markets'.
The IDRBT Doctoral Colloquium aims to promote leadership in banking technology and to enrich the next generation of researchers. The event features workshops and panel discussions on emerging issues in technology research and offers a forum for Ph.D. students to share their research and gain feedback from the academic community.
Varsha's winning research paper aims to understand how machine learning can help to infer valuable hidden data of orders placed by investors in the stock market. Her research is cross-disciplinary and is jointly supervised by Prof. Bala Srinivasan (Faculty of Information Technology) and Dr. Huu Duong (Faculty of Business and Economics).
"I developed a machine learning framework to learn information relating to hidden orders by observing return generation process. Using around 3 million stock trades of the Australian Stock Market during 2012, I showed that ‘learned orders' can improve return prediction. These results have important implications for algorithmic trading in stock markets," explains Varsha.
Varsha presented her work alongside 11 other Ph.D. scholars from various institutions including Indian Institute of Technology, Indian Institute of Management, Indian Institute of Information Technology, Central Universities and Monash University.
An eminent jury evaluated papers based on originality, depth of work, technical content, presentation, relevance, applicability, modernism and correctness of work.
On behalf of all staff and students within the Faculty of IT at Monash, we'd like to congratulate Varsha for her achievement and wish her the best of luck with her future research work.