STALEMATE

"Navigating between Risk and Return"


Introducing STALEMATE




STALEMATE



STALEMATE specializes in knowledge-based, virtual agent-assisted, agile model-driven system development for collaborative, augmented-reality gaming within a business-intelligence layer integrating data mining and data warehousing. The focus is on managing operational risk inherent in:

  • modeling and analytic methodology
  • approaches to software engineering
  • implementation of information technology
  • organizational and business alignment

in support of financial engineering within ALM, asset management and investment banking with regard to:

  • investor risk management
  • market risk management
  • credit risk management
  • operational risk management itself

through:

  • assessment of risk disposition across:
    • horizontal organization
    • strategic/tactical/transactional levels
    • diversified asset classes
    • corporate cultural typologies
  • application of risk-mitigating measures derived from collaborative knowledge and technology transfer between upstream research and downstream vertical markets, focusing on:
    • renewal of valuation models in the interest of sustainable finance
    • sustainable profit as being greater than the difference between revenue and costs
    • cultivation within adaptive enterprise of a culture conducive to sustainable innovation

In defining and seeking balance between risk and return as well as within life inside and outside of the professional sphere, through the gallery appreciation is demonstrated of expression through art and music, of the mind-body integrativeness in the art of self-defense, in tennis, in speed skating and in sailing, and of sensory and ecological consciousness as heightened by vinology.


  • Client Requirements Survey
  • A questionnaire to survey the needs, expectations and requirements of an organization in the financial markets with regard to aforementioned aspects of operational risk in asset and liability management, asset management and investment banking addresses a number of strategic issues:

    • The following questions apply to your enterprise or organization.

      • Are corporate governance, external regulatory compliance and required transparency additional burdens or incentives to align, reevaluate and conceivably reimplement internal processes and models?
      • Have societal emphasis on corporate responsibility and its concomitant reputation risk had any impact on your assessment of quality of profit?
      • Does the term "ethics" connote redundancy, impracticality, formality, na´vetÚ or restrictiveness at all?
      • Has increasing digitization brought the customer closer to the business or has it only contributed to an increase of complexity in the relationship?
      • Has digital flexibilization of the supply chain and specifically of information, communication and automation services been optimally leveraged by the business?
      • Drawing lessons from past crises in the financial markets and in light of the continuing rise of the knowledge economy, has interest in alternative valuation models or mounting emphasis on intangible assets and intellectual capital been playing any role of significance?
      • In revising the antithesis between competition and collaboration, have you considered or entered into any form of open innovation?
      • Where would you position the relationship with the shareholders within a spectrum ranging from "synergetic" to "counterbalancing"?
      • Does your approach to corporate human resource development in any way proceed beyond compensation for performance toward cultivation of human capital?
      • Has enterprise-wide operational agility or lack thereof in any way become a cause for growing concern?
      • In how far is the scientific method instrumental in mitigating model risk inherent in tactical or strategic business decision making?

    • To what extent do the following projected scenarios represent the (status quo or near) future of asset management and investment banking?

      • A high-frequency, low-latency algorithmically driven, technically oriented financial market ever more removed from its fundamentals is further confronted by the onset of virtual economies and currencies.
      • The degree of tacit pervasiveness acquired by information technology has caused the inherent operational risk to outstrip investor, market and credit risk in urgency of management.
      • The profile of the dominant customer-investor has shifted to that of investment- and tech-savvy individuals and collectives strategically oscillating between direct financing of or participation in (startup) enterprises and targeting financial market niches and alternative investments.
      • The face of the corporate investor has transformed from that of the relatively identifiable and financially traceable shareholder into that of the more ephemeral crowdfunder.
      • Mobility on the part of both the employee and the workplace has eroded the traditional basis for building loyalty and securing retention.
      • The focus of asset management including proprietary trading together with liability management, market making and investment banking has more than ever become fixed on market and operational inefficiency on the buy side and on mergers, acquisitions and hi-tech startups and IPO's on the sell side.
      • Other relevant scenarios

    • Which of the following principal operational measures are required to achieve sustainable finance and with which priorities?

      • Ensuring corporate security and customer privacy through quality assurance in the face of nearing ubiquitous computing
      • Establishing the perception of the self-regulating nature of a free market as bound by certain basic rules to be observed by all participants
      • Assurance of professional standards in quantitative finance maintaining scientific and ethical integrity
      • Effecting a shift reconciling corporate culture with ethics and competitive edge with transparency and open collaboration
      • Assessing quality of profit beyond the difference between revenue and costs and in terms of intangibles
      • Directing enterprise adaptivity and innovation in productization not primarily at regulatory exploitation or maximal leveraging but at risk-mitigated, market-sustaining novelty
      • Managing the significant operational risk inherent in investor, market and credit risk management across corporate layers and departments and all applicable asset classes
      • Other critical measures

    • In view of the above, which of the following technological approaches add value relative to the strategy for sustainability within your enterprise?
      • Agile, model-driven system development promoting enterprise adaptivity and business alignment
      • Augmented gaming to aid decision making in collaborative or educational corporate settings
      • Distributed, mobile or potentially pervasive solutions for decision support within open contexts
      • Agent-assisted, knowledge-based decision support for knowledge management and innovation within business intelligence integrating data mining and warehousing
      • Logic, heuristics and computational intelligence to complement conventional stochastics and diversify the analytic toolkit
      • Service-oriented Architecture (SOA) and Software as a Service (SaaS) or its variants to advance adaptivity through utility computing-based analytic facilitation of financial engineering
      • Other prime technological approaches


  • STALEMATE Network
  • STALEMATE is strategically positioned within an ecosystem of open-source software advocates, research institutions, professional associations and commercial parties, fostering innovating dialogue spanning across software engineering and financial engineering and between upstream academia and downstream financial markets and society-at-large.


      Floating GNU

    The GNU Operating System developed under the auspices of the Free Software Foundation offers the GNU Compiler Collection (GCC) with front ends and libraries for among others C, C++ and Java development together with the other free software made available through the Savannah repository.


      Mozilla

    The technology developed by Mozilla, including the Firefox Desktop and Firefox for Android browsers, is being utilized and extended to address cross-platform, client-side user- and system-interfacing requirements. This is performed in compliance with evolving W3C standardization of critical aspects regarding XML, the Semantic Web and Web services.  Mozilla extensions are hosted on Add-ons and mozdev.

     

    The Debian GNU/Linux operating system implements GNU based on the proven Linux kernel. With its vast assortment of packages aimed at platforms ranging from handhelds through workstations and servers to clusters and grids, Debian provides modularity and scalability and is considered a standard vehicle for software distribution or deriving other distributions. The course of the release cycle, which proceeds through unstable, testing and stable distributions, involves porting to a broad array of hardware architectures, including Intel, Sun, Motorola, Alpha, MIPS, Hewlett-Packard, ARM and IBM.

      Eclipse

    Eclipse.org hosts a Java-based, open-source, extensible development platform, including the Eclipse Modeling Project which in turn includes the Agent Modeling Platform, Eclipse Modeling Framework (EMF), Eclipse Modeling Framework Technology (EMFT), Generative Modeling Technologies (GMT) and Eclipse UML Generators.


      ALP

    ALP organizes the International Conference on Logic Programming (ICLP) series and its journal "Theory and Practice of Programming Logic" is published by Cambridge University Press.



      ACM

    The Association for Computing Machinery advances the scientific, educational and professional goals of computing. The activities of ACM's SIGKDD include the annual conference on knowledge discovery and data mining.



      IEEE

    The Institute of Electrical and Electronics Engineers encompasses among others the Computer Society with the Technical Council for Software Engineering (TCSE), Software & Systems Engineering Standards Committee (S2ESC), Special Technical Community on Operating Systems (STCOS) and Technical Committee Design Automation (TCDA); the Computational Intelligence Society including the Neural Networks, Fuzzy Systems, Evolutionary Computation, Computation Finance and Economics, Data Mining, and Games TCs; and the Standards Association.



      Ngi-NGN

    The Dutch Computer Society Ngi-NGN represents a platform for IT professionals, including the SIGs Science and Education, Information Systems, Business Intelligence, Architecture, Information Management, Process Mining, Information Security, IT Auditing, IT Law, and Governance.



      IAQF

    The International Association for Quantitative Finance has as areas of interest among others credit risk modeling and management, market risk modeling, modeling techniques and tools, operational risk, valuation, and technology.



      PRMIA

    The Professional Risk Manager International Association provides certification covering finance theory, financial instruments and markets; mathematical foundations of risk measurement; risk management practices; and case studies, PRMIA standards of best practice, conduct and ethics, and bylaws.


    The Linux Foundation features among its activities workgroups including Kernel Networking, Driver Backport, Carrier Grade Linux, Automotive Grade Linux, Accessibility, Open Printing and Consumer Electronics.

     

    IBM pursues its Smarter Planet initiative through its range of offerings, including Rational, WebSphere, DB2 and Informix, Tivoli middleware, and data-center blade servers. Developer support through developerWorks centers on big data, business analytics, cloud computing, DevOps, mobile development and security. Research focuses around cognitive computing on solutions to client-specific problems.


      HP

    Hewlett-Packard Software's enterprise software features HAVEn and implementation on software-defined data-center blade servers. Developer support covers big data, cloud and mobile apps. Research at HP Labs concentrates on systems, analytics, printing and content, security and cloud, and networking and mobility.



      Java.net Member

    Java.net and Oracle provide curated communities for developers and projects together with technical articles, blogs and event news as well as Java training and certification through Oracle University.



      FFII

    The Foundation for a Free Information Infrastructure seeks to make information infrastructures accessible to enable education, compatibility, cultural preservation and advancement through educational events, public tenders, buying to liberate and patent-freedom.


      American Society for Psychical
Research

    The American Society for Psychical Research concerns itself with scientific research on topics including ESP (telepathy, clairvoyance and precognition), psychokinesis, Out-of-Body Experiences and psychic healing.