Chris D. Clack

Founder, Financial Computing MSc Programme and the Thomson-Reuters Laboratory, UCL

Christopher D. Clack is the Founder and initial Director (2007-2012) of the Financial Computing MSc Programme at UCL, leading a partnership with four multinational investment banks.  He also founded the Thomson-Reuters Laboratory at UCL, the UCL Financial Stability Research Forum, and the independent government-funded Financial Services Knowledge Transfer Network.

One of his research areas is Smart Contracts. He has been working with Barclays Bank on the concept of Smart Contract Templates, linked to high-value OTC derivatives transactions. This work has most recently been presented at the Third R3 Smart Contract Templates Summit, and has received media interest.

He has over 25 years experience as a specialist consultant to blue-chip clients such as Accenture, Clearstream, CrestCo, LloydsTSB, Morgan Stanley and Thomson Reuters at all levels of Financial Services Technology from payment and settlement systems to algorithmic trading and investment.

In 2009 he was awarded the Doctor of Science (ScD) by the University of Cambridge (their highest degree for science).

New appointment: Joint Field Chief Editor, Frontiers in Blockchain

Frontiers in Blockchain publishes rigorously peer-reviewed research covering all theory and applications of blockchain and blockchain-related technologies. Field Chief Editors Christopher Clack at UCL and Olinga Ta’eed at the Centre for Citizenship, Enterprise and Governance are supported by an outstanding Editorial Board of international experts. This multidisciplinary open-access journal is at the forefront of disseminating and communicating scientific knowledge and impactful discoveries to researchers, academics, practitioners and the public worldwide.

Blockchain and distributed-ledger technologies enable new modes of communication, synchronisation, and transfer of value with broad impact for society, industry, commerce and government. The research required to realise the potential impact is substantial and crosses many disciplines. In terms of technical sciences these include cryptology, distributed systems, law, formal methods, code verification and validation, software and systems metrics. The broader agendas will also be covered including economics, finance, business, cryptocurrrencies, tokenomics, governance, social innovation and philosophical treatise. As the field is growing fast, we seek to adapt to the changing research landscape, integrate and cross-link studies and citations in related subfields, and provide an overview of the state-of-the-art in these fields and the ways in which they complement each other. Frontiers in Blockchain aims to accept original and high-quality submissions from academia and industry, including theoretical, computational, and experimental research and development, applications, case studies and position papers.

Invited Talks

ISDA Symposium: ISDA Common Domain Model, Smart Contracts and Distributed Ledger:
Invited panellist. Appearing with Ciaran McGonagle, Assistant General Counsel, ISDA; Scott Farell, Partner, King & Wood Mallesons; Charles Post, Managing Counsel & Director, BNY Mellon Asset Servicing. 15th May 2018.

Leading Change and Engagement with Industry

Christopher has secured funds exceeding £4m for research, teaching and knowledge transfer initiatives and has founded and led a series of highly successful initiatives at UCL and elsewhere.  For example, both the UCL Financial Computing MSc Programme and the Thomson-Reuters Laboratory at UCL were founded in partnership with Credit Suisse, Goldman Sachs, Merrill Lynch, Morgan Stanley and Reuters (with RBS later also joining as a strategic partner).

Research and Thought Leadership

Christopher has a proven record of internationally recognised scholarship, including substantial and sustained contributions to scientific knowledge in diverse fields that include:

Functional Programming;
Parallel and Distributed Architectures;
Static analysis (incuding Abstract Interpretation);
Memory Management;
Genetic Programming;
Agent-Based Simulation; and
Financial Computing.
He is an expert on Intelligent Systems and their application in Finance, with particular expertise in evolutionary computation and agent-based modelling, and he is regularly invited to chair and talk at both industry and academic international conferences.

His current work models and analyses financial market instability emerging from interactions between computer trading algorithms.

Consultancy and Advisory Work

Christopher has provided specialist consultancy at all levels of Financial Services Technology.  Examples include:

Central algorithms for securities settlement systems (consultant to Accenture, Clearstream, and CrestCo);
System architecture for payments systems (consultant to Lloyds TSB Bank plc for their Straight Through Payments system);
Adaptive non-linear factor models for automated stock selection (consultancy to several investment funds).

Awards and Prizes

Doctor of Science (ScD) 2009: awarded by the University of Cambridge
Finallist: Commercial Deal of the Year Award 2008 (The London Knowledge Transfer Awards)
Winner: UCL Enterprise Partner of the Year Award 2008 (UCL Enterprise Awards)
Best Paper Award: Real-World Applications – Genetic and Evolutionary Computation Conference 2007 (“GECCO”)

RESEARCH FIELDS

Finance, Physics, Smart Contracts

KEYWORDS

Complex Systems, FinTech, Systemic Risk, Logic, Architectures

AFFILIATIONS

UCL

Link to personal website