The first RiskLab was created in 1994 at ETH Zürich in Switzerland. In 1996, another was created independently at the University of Toronto in Canada, sponsored by the private company Algorithmics Incorporated. Since then, RiskLab has expanded into Munich, Cornell University, Cambridge University, Universidad Autonoma de Madrid, and the Cyprus International Institute of Management. RiskLab has also established a presence in China and Finland. RiskLab also prides itself on industry partnerships and has consistently developed successful collaborations since its founding. RiskLab has made significant contributions to the field of quantitative finance. Today, it continues to be a source of strong, industry-relevant research in finance through our three pillars of expertise: machine learning, mathematical modeling, and investment & trading strategies. The Government of Canada awarded the Synergy Awards for Innovation to RiskLab Toronto in 2007 for its effective collaboration between Algorithmics Inc. (now an IBM company) and the University of Toronto. The Synergy Award is the top NSERC honor for industry-academic collaborations in Canada.
We wish to acknowledge this land on which the University of Toronto operates. For thousands of years it has been the traditional land of the Huron-Wendat, the Seneca, and the Mississaugas of the Credit. Today, this meeting place is still the home to many Indigenous people from across Turtle Island and we are grateful to have the opportunity to work on this land. Read about U of T’s Statement of Land Acknowledgement.