IIM-C to design market-watch tool

The Rs 20-crore grant given to the Financial Research and Trading Lab at IIM-Calcutta in the Budget will help augment research on financial markets using real-time high-frequency data from financial markets in India and abroad. The laboratory resources can also be used to develop test-trading algorithms. The institute in a release added that the finance laboratory will help design market surveillance tools, keep track of the commodity market and report speculative behaviour in these markets. The laboratory is currently working on a project where regulators can study in advance the impact of financial news on asset returns.