Research and Consultancy

We can offer research and consultancy services in a number of different areas including:

Regulatory and Policy Research
Risk Management and Investment
Insurance
Operations Management
Industry Consulting

Examples of our research and consultancy work

Commission de Surveillance du Secteur Financier (CSSF), Luxembourg

“The liquidity of Mittal Steel, (Alfonso Dufour, John Board & Stephen Wells) May 2006

A team from the ICMA Centre was commissioned to examine and report on two aspects relating to the London Stock Exchange’s AIM Market:

Any differential in returns between comparable companies on the AIM market and those on the Official List (Main) market
Any impact on the trading of TSX-listed Canadian companies that have been admitted to the LSE’s AIM market

A False Perception? The relative riskiness of AIM and listed stocks

(John Board, Alfonso Dufour, Charles Sutcliffe & Stephen Wells) October 2005

The purpose of this research was to examine the truth behind the perception that the AIM market was systematically more risky than the Official List (OL) market in comparable stocks.

The research comprised three elements – an interview program, a literature review and an extensive empirical analysis using 5 years of high frequency trading data.

Other notable research consultancy projects:

Task Force to Modernize Securities Legislation in Canada, The Impact of AIM and Other Secondary Markets on Market Efficiency and Valuation, 2005, (Charles Sutcliffe, John Board, Alfonso Dufour and Stephen Wells)

Societ per il Mercato dei Titoli di Stato S.p.A. (EuroMTS), UK, “Management of the new MTS Time Series Database” (a three year contract – Alfonso Dufour, Frank Skinner) February 2003

Societ per il Mercato dei Titoli di Stato S.p.A. (MTS), Italy, “The Design of a New European bond market database”, (Alfonso Dufour, Frank Skinner) January 2003

ECMI, Spain, “Building a competitive European financial market”, (Alfonso Dufour, Ryan Davies and Brian-Scott-Quinn), July 2002

Developing a Corporate Bond Market and Associated Derivatives Market in China: A Study of Opportunities and Challenges, October 2005, FOA and UK Trade & Industry (John Board, Stephen Wells, Richard Britton and Paul Lejot)

Review of the evidence and issues relating to the performance of the SETSmm system and the impact of extending SETSmm, 2005, London Stock Exchange (John Board, Stephen Wells)

Competition for London’s Markets from the Middle-East , Corporation of London, completion October 2007, [John Board, B Scott-Quinn and S Wells]

Direction and Strategy for Financial Risk Management Products, SAS Software, [Carol Alexander] 2003

Quantitative Hedge Fund Strategies, FDMR, 2003 [Carol Alexander]

Aggregation of Market, Credit and Operational Risks, IFRI, 2003, [Carol Alexander]

The Indian Corporate Bond market, Corporation of London, 2007, [John Board and Stephen Wells]