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Prognoz Summer School 2015



Prognoz Summer School-2015 – annual school-conference on Econometric Modelling was held in July, 2015.
It was attended by about 30 students, postgraduates and young scientists from 5 Russian universities. The teachers of the School were established authority of the international scientific community Professor Ramo Gencay (Simon Fraser University, Canada) and Alexey Lobanov (the Bank of Russia). In 2015, the Summer school was held in an unusual format: the participants went on a five-day rafting along the Chusovaya River (Perm Region), having more than 70 kilometers and lectures on Econometrics took place at the inspiring background of Ural landscapes.

 Full photo report about the event is posted here




Perm Winter School 2015


The now traditional Perm Winter School will be held February 14–15 in Perm, Russia. Perm Winter School is an international conference providing financial risk insights.

The fifth-anniversary conference will explore the future of financial systems, bringing together professionals to discuss issues such as digital markets, cryptocurrencies and decentralized platforms, long-term trends in financial regulation, evolution and risks of high-frequency trading (HFT), and innovations, among many others.

Conference speakers include top international experts with established reputations in financial market modeling and risk management. Among this year’s keynote speakers are Richard Olsen, the founder of online forex broker leader Oanda and OLSENINVEST founder and CEO; Rosario Mantegna, one of the pioneers in the field of econophysics; and Deputy Head of the Bank Regulations Department at the Bank of Russia Alexey Lobanov.

The 2015 Perm Winter School will bring together over 150 researchers and professionals in domains of financial engineering and risk management, as well as representatives from major universities, colleges, and financial organizations.

 Full photo report about the event is posted here




FinMod 2014


FinMod – Anual international conference on Financial Modeling.

For students, masters and post-graduate students hosted the annual international conference on Financial Modeling  – FinMod’14. Were considered the best report of Daniel Baranova (HSE) on “Assessment of the probability of default of companies in the food industry” and the report of the graduate of the Department of ISMME – Sergei Smirnov, on the theme “The liquidation value of a large portfolio.

 Full photo report about the event is posted here



Prognoz Summer School 2014


Summer School on Econometric Modeling was held in Perm.



In June was the second Summer School on Econometric Modeling – Prognoz Summer School 2014. More than 50 students, graduate students and teachers from the universities of Perm, Ufa and Moscow took part in it.
Prognoz Summer School is an annual project of the company “Prognoz”, it is focuses on promoting research in the field of Econometric Modelling. Teachers of the School are leading scientists from Russian and foreign universities: Anil Bera, a Professor at the University of Illinois-Champaign (USA), and Rameau Gencay, Professor of Economics University( Simon Fraser , Canada). For four days the students were involved in scientific sessions, sports and intellectual competitions. Last student conference under the name “I Love Econometrics” students presented their research works on modelling of foreign economic trade flows, site traffic, crashes on the real estate market manipulation in the financial market.
“Prognoz Summer School is one of the key events held our by the company with the purpose of formation the student community in the field of Mathematical Modeling of Economic Systems in Russia, along with the project “Prognoz BI University” and winter school on Risk Management – “Perm Winter School”, – said Sergey Ivliev, Deputy General Director of research and the main ideologist of the event.

The organizers plan to hold another event next year. You can follow the events on the site summerschool.prognoz.ru
Full photo report about the last school is posted here




Perm Winter School 2014


img_6895From the 30th of January to the 1st of February in the city of Perm hosted the forth international school-seminar Perm Winter School’14, devoted to current research and best practices in the field of risk management. It was organized by the company «PROGNOZ», Perm State National Research University and the international Association of professional risk-managers of the PRMIA.

The PWS’14 agenda included:
Guest lectures by leading scientists: Ramo Gencay (Simon Fraser University) and Didier Sornette (ETH Zurich)
Risk management and financial markets modeling sessions
Key-note talk on financial regulation by Alexey Lobanov (Bank of Russia)
Master-classes on risk management in finance and corporate sector
Technological workshop from Prognoz Risk Lab
Trading Game
Cultural program included Perm Opera Theatre, excursion to Kungur Ice Cave, and traditional Risk Party.

Perm Winter School 2014 gallery




Prognoz Summer School 2013


The “Prognoz” company continues to develop research and educational projects in which students and young scientists have the opportunity to learn from the


recognized authorities of the international scientific community.

From May 31 to June 3 in Perm was Summer School on Spatial Econometrics Prognoz Summer School in 2013 under the leadership of the University of Illinois Professor Anil Bera.

There were 26 participants on Summer School : teachers and students of the department of Information Systems and Mathematical Methods in Economics (PSU), students of the Higher School of Economics (Perm city), the staff of “Prognoz”. Among them there were the winners of BI University Cup, which held at the School to present their projects in the field of Econometrics using analytical tools of Prognoz Platform.

Activities of the School was organized at the country club named “Russian country estate,” which allowed students and experts to communicate in a fairly informal and creative atmosphere. According to the organizers, holding Prognoz Summer School on a regular basis with the participation of world leading scientists and teachers will continue create a research student community of the Department of ISMME and “Prognoz” company.
Prognoz Summer School 2013 gallery



Perm Winter School 2013


Фотография5-7 February in the city of Perm hosted the third international school-seminar Perm Winter School’13, devoted to current research and best practices in the field of risk management. It was organized by the company «PROGNOZ», Perm State National Research University and the international Association of professional risk-managers of the PRMIA. The school gathered more than 160 students from both the academic community (students, post-graduate students and teachers of the 12 universities), as well as from industry (Sberbank of Russia, «Transcapitalbank», Bank «Saint-Petersburg», OJSC «CHELYABINVESTBANK», OJSC Tsesnabank JSC (Astana), JSC «Gazprom», OJSC «NK «Rosneft» and others). The online broadcast of school events has acceded to more than 1,700 users of the Internet.

The teaching staff of the Perm Winter School’13 was presented by well-known experts in the sphere of risk management and the microstructure of financial markets from the leading European universities, Russian and foreign companies and financial regulators. In the framework of the school discussed the upcoming reform of the international banking regulation, various applied problems of risk-management as in commercial banks, as in industry. The overall opinion of the speakers, the topic of risk management today applies to all, being a synonym for responsible financial management. Thus if the banks it has worked out quite carefully, taking into account the recommendations of the Basel Committee, the companies of the real sector will have to be ripened to the introduction of such practices.

The special theme of the school was the microstructure of financial markets and the problems of high-frequency trading (High-Frequency Trading), in the discussion which took part Austin Gerig (University of Oxford), Fabrizio Lillo (Ecole Normale Superieure of Pisa), Valery Lyakh (the Federal service for financial markets of Russia) and others. Vladimir Filimonov (Swiss higher technical school of Zurich), speaking as a moderator of this section, noted that so far the expert community has not developed a consolidated position with respect to trade with the help of computer algorithms. Meanwhile, carrying out operations in milliseconds, they are responsible for 60% of all the assets that are traded on the American market, with 54% in Europe and almost 19% in Asia. Their systemic impact on the stability of the financial markets has become the subject of close attention on the part of scientists, including participants of the Perm Winter School.

Perm Winter School 2013 gallery



The guest lecture by the FSFM of Russia


17/11 held a guest lecture by the FSFM of Russia for the masters ISMME on the fundamentals of regulation of the Russian stock market and enforcement of the law №224-FZ insider-trading and manipulation.

The guys were able to ask questions and learn in detail about how is the process of investigation of offences, how it is formed and disclosed inside information, to compare the Russian and international experience of regulation of financial markets.


International student conference on financial modeling FinMod


On November 29, 2012, in the Perm state national research University will take place the international scientific-practical conference on financial modeling FinMod-2012.

For participation in the conference students, post-graduate students, teachers and all interested in the issues of financial modeling are invited. The research area of FinMod covers the simulation and the econometric modelling of financial markets, the issues of optimization of the securities portfolio, market risks and other areas of financial modeling.

As a guest lecturer prof. Fabrizio Lillo (University of Palermo, Scuola Normale Superiori odi Pise, Santa Fe Institute) is invited.

The working languages of the conference are English and Russian.
Venue : room 216, building 12 (faculty of Economics). The conference starts at 13.30.

For participation in the conference is necessary to register on the site finmod.org until November 25 and send theses of the report at the email gavrilovk@prognoz.ru. The best report will be encouraged by a special prize.


MiFIT Seminar 14/11


Our next MiFIT seminar is going to be on the 14thof November, in PROGNOZ at 18:30, room 218.

The Topic of the Seminar: Multifractal random walk and it’s applications to modeling implied volatility surfaces and smiles (Kutergin Aleksey).


Prognoz Risk Lab Seminar 17/10


In the framework of Prognoz Risk Lab Seminar Aleksey Kutergin (MiFIT 2-year student, Prognoz Risk Lab) presented the review, focused on the usage of high performance computations with help of software package R.

Download the presentation HPC_in_R.




Сorporate scientific seminar 02/10


On the 2d of October there was an corporat
«Review of packages for R for market data downloading and analysis» (Arbuzov Vyacheslav);e scientific seminar in PROGNOZ office, which covered the following research areas:

  • «How to build required risk-return profile with use of available financial instruments?» (Plastinina Darya).

You can find observe the information in the following presentations: PlastininaReview of packages for R for market data downloading and analysis


Horward Turner «Government Operational Research Service: Civil OR in UK Central Government»


The planned report of Howard Turner

Prof. Howard Turner (London)
Government Operational Research Service:
Civil OR in UK Central Government

Hold in the main office of the company PROGNOZ.

The talk was generally about the work carried out by British Government analysts in the fields of:

  • Forecasting
  • System dynamics
  • Data mining




X International scientific-practical conference «THE CURRENT FINANCIAL MARKET OF THE RUSSIAN FEDERATION»


Held once a year, the conference «the Modern financial market of the Russian Federation», for 10 years, invariably brings together a wide range of officials, regulating the financial market, the leading representatives of the banking and industrial groups, financiers, entrepreneurs, appraisers, experts in the field of real estate, as well as representatives of the scientific schools, as of the Perm region, and the entire Russian Federation.
The aim of the conference – discussion of problems and prospects of development of the financial market of the Russian FederationDate – September 7, 2012.
Place – Perm State University (8 korp. 313 AUD.)The format – Web conference (Perm – Moscow)
The main Rapporteur Chernov Aleksey Anatolyevich
The General Director of the company «Vitus»
The topic of the report – «Analysis of current state of the stock market of the Russian Federation»Moderator
Usmanov Mark Revhatovich
The President of SC «Finguard»Participants:«Perm state national research University»,
The «Finances»Group,
SC «Finguard»For more information contact The Department of Finance, credit and exchange Affairs: fkbd@psu.ru