FIN404: Financial Strategies and Text Analysis: Extracting Relevant Information (Spring 2013)
Financial markets are constantly responding to information. Much of this information is reported in news articles and regulatory filings. Such information may be hard to interpret. Recent developments in text analysis allow us to distill relevant information from news articles and filings. Students will learn about the developments made in analyzing textual information. Students will also learn text analysis tools to unlock some of this information and discuss the implications to trading strategies and financial regulations. For example, some of these techniques are already used in high frequency trading environments. This is a hands-on course. Passing familiarity with financial markets will be helpful but it is not a prerequisite. Some interest in programming is helpful as well. Prerequisites: FIN 300.
I have taught this course in Spring 2011, Spring 2012 and Spring 2013 (current) at UIC.