Ionut Florescu
  • Faculty
  • Lab Staff
Research Associate Professor in Financial Engineering Department, Director of Hanlon Financial Systems Lab
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(201) 516 5452
Babbio 540

Ionut Florescu, Ph.D., is Research Associate Professor in Financial Engineering Department Division at the Stevens Institute of Technology and Director of Hanlon Financial Systems Lab.

Professor Florescu expertise lies in developing stochastic models and using them for real-life applications. As detailed in many in publications, these applications pertain to computer vision, cryptography, environmental studies, geophysics and transformative learning.

One such application is the Stevens High Frequency Trading (SHIFT) Simulation System which started development in January 2014. It is the first model of its kind to test the behavior of modern high frequency financial markets using live, real-time market data. Other applications include the ABCShift a patented computer vision algorithm that allows tracking of objects in videos when the background is changing, ROI the cloud robotics application, liquidity studies in finance and his main area of expertise stochastic volatility modeling.

Doctor of Philosophy in Statistics, Purdue University, West Lafayette, Indiana, USA
December 2004. Primary Research Area: Mathematics of Finance
Master of Science in Statistics, Purdue University, West Lafayette, Indiana, USA
December 2001. Specialization in Computational Finance
Master of Science in Mathematics with University of Bucharest, Romania
July 1997. Specialization in Stochastic Processes
Stevens Institute of Technology, Department of Mathematical Sciences, U.S.A.
Research Associate Professor and Director of the Hanlon Financial Systems Lab 2012 - present
Assistant Professor Fall 2005 - Spring 2012
Purdue University, Department of Statistics, U.S.A.
Visiting Assistant Professor, Spring 2005
Teaching Assistant, Fall 1998 - Fall 2004
Romanian Academy, Center for Mathematical Statistics, Bucharest, Romania
Research Assistant, Fall 1997-Spring 1998
University of Bucharest, Department of Physics, Romania
Lecturer, Fall 1997 - Spring 1998

Professor Florescu grew up in Romania during its Communist-ruled years. In high school mathematics became his passion and he participated in mathematical Olympiads. A graduate of Mathematics Division at University of Bucharest he went on to earn a Ph.D. in statistics from Purdue University. He believes fervently that teaching is his calling. His is a family of teachers, his grandfather was a famous geology professor who contributed to development of the Romanian Atlas series. Coming from a very wealthy and influential family before 1945 his grandfather endured the prosecution of a political system that assigned him to teach in an elementary school and ironically a new school for the ruling class (Academia Stefan Gheorghiu). Today, Professor Florescu remembers days on the streets of Bucharest when people would recognize his grandfather—their former geology teacher—and recount him with stories of what a great teacher he was. Professor Florescu resides with his wife and boy in Hoboken, NJ.

Professor Florescu has spent all his academic career at Stevens Institute. Starting in 2005 as an Assistant Professor in the Department of Mathematical Sciences he then moved to the Financial Engineering Division in 2012. He developed and introduced multiple courses in the FE division as well as two certificates and a new Master degree. He is the recipient of several grants from NSF, Nvidia, and CME foundation. He organized several conferences, including the series of conferences on Modeling High Frequency Data in Finance at Stevens Institute (PUT LINK). He serves as a reviewer for over 30 journals.

He is an expert in developing stochastic models and using them for real life applications.

CME Foundation grant to support the research projects at the Financial Systems Center at Stevens, PI, April 2015-March 2016, ($85,000)
Investor Responsibility Research Center (IRRC) Institute grant for developing a white paper on the current status and future of the High Frequency Traders in the financial markets, co-PI, Aug 2013-Feb 2014, ($59,940)
Parisa Golbayani
Amin Salighehdar
Sebastian Tudor
Ziwen Ye
Honglei Zhao
Zhe Zhao