Prof. Ben Racz

Prof. Ben Racz is a multifaceted professional with expertise in quantitative finance, algorithmic trading, and data science. He currently holds the position of Professor of the Practice in Quantitative Finance & Algorithmic Trading at Carnegie Mellon University's College of Engineering, a role he assumed in 2023.1

Professional Background

Prof. Racz is the founder and managing director of Algorithmic Sciences, a scientific research and consulting firm specializing in quantitative finance.2 He has been leading this company since 2017, focusing on developing institutional-grade validation procedures for algorithmic trading systems and creating advanced trading technologies.1

Academic Contributions

At Carnegie Mellon University, Prof. Racz has made significant contributions:

• Co-founded the Institute for Algorithmic Trading and Applied Computational Finance with two other faculty members1
• Teaches Advanced Quantitative Finance and Algorithmic Trading courses4

Industry Experience

Prior to his academic role, Prof. Racz had an extensive career in the private sector:

• Served as CTO/Managing Director/Data Scientist for various ventures from 2006 to 20211
• Developed expertise in data-driven methodologies applied to media buying, ad campaign performance, and lead generation1
• Worked on information security consulting, performing security audits and software development related to various compliance standards1

Achievements in Algorithmic Trading

Through his work at Algorithmic Sciences, Prof. Racz has achieved notable successes:

• Developed trading systems that generated a 350% return (out of sample) over a 3.5-year period1
• Created a validation procedure capable of generating hundreds of trading systems executing over 10,000 trades per year1
• Developed a distributed backtesting platform capable of running 2 million backtests per hour per server on retail infrastructure1

Research and Publications

Prof. Racz is actively involved in academic research, with a focus on quantitative finance and algorithmic trading. His work is recognized in the academic community, as evidenced by his Google Scholar profile.3

In summary, Prof. Ben Racz is a distinguished professional who bridges the gap between academia and industry in the fields of quantitative finance and algorithmic trading, bringing a wealth of practical experience to his role at Carnegie Mellon University.