Research Associate
Cambridge Centre for Finance / Cambridge Endowment for Research in Finance
MA (University of Cambridge), MSc (Imperial College London), AdvDip, MPhil, PhD (University of Cambridge)
My research focuses on empirical finance. Recent research has explored the relationships between political (betting) and financial markets. I also have a developing research interest in applying factor models to the valuation of the universe of cryptocurrency assets.
Professional experience
Dr Tom Auld has a wealth of professional experience in financial markets and industry. In a former life, he was a High Frequency Trader (HFT), and ran trading groups in London and Singapore for what was then the world’s largest HFT firm; Getco. More recently he has acted as an expert witness in a dispute between 2 large hedge funds in the High Court and has been a Non-Executive Director for startups. During Tom’s time as a High Frequency Trader he designed and traded algorithms on every liquid equity platform in Europe and Asia and every major electronic derivatives market, often trading a significant percentage of the volume on each exchange.
Publications
Selected publications
- Auld, T. and Linton, O. (2023) “Corrigendum to ‘The behaviour of betting and currency markets on the night of the EU referendum’.” International Journal of Forecasting, 39(4): 1945-1948 (DOI: 10.1016/j.ijforecast.2022.12.003)
- Auld, T. (2022) “Political markets as equity price factors.” Cambridge Working Papers in Economics, No.CWPE2264. Cambridge: University of Cambridge.
- Auld, T. (2022) “Betting and financial markets are cointegrated on election night.” Cambridge Working Papers in Economics, No.CWPE2263. Cambridge: University of Cambridge.
- Auld, T. and Linton, O. (2019) “The behaviour of betting and currency markets on the night of the EU referendum.” International Journal of Forecasting, 35(1): 371-389 (DOI: 10.1016/j.ijforecast.2018.07.014)
- Auld, T., Bridges, M. and Hobson, M.P. (2008) “COSMONET: fast cosmological parameter estimation in non-flat models using neural networks.” Monthly Notices of the Royal Astronomical Society, 387(4): 1575-1582 (DOI: 10.1111/j.1365-2966.2008.13279.x)
- Auld, T., Bridges, M., Hobson, M.P. and Gull, S.F. (2007) “Fast cosmological parameter estimation using neural networks.” Monthly Notices of the Royal Astronomical Society: Letters, 376(1): L11-L15 (DOI: 10.1111/j.1745-3933.2006.00276.x)
Journal articles
- Auld, T. and Linton, O. (2023) “Corrigendum to ‘The behaviour of betting and currency markets on the night of the EU referendum’.” International Journal of Forecasting, 39(4): 1945-1948 (DOI: 10.1016/j.ijforecast.2022.12.003)
- Auld, T. and Linton, O. (2019) “The behaviour of betting and currency markets on the night of the EU referendum.” International Journal of Forecasting, 35(1): 371-389 (DOI: 10.1016/j.ijforecast.2018.07.014)
- Auld, T., Bridges, M. and Hobson, M.P. (2008) “COSMONET: fast cosmological parameter estimation in non-flat models using neural networks.” Monthly Notices of the Royal Astronomical Society, 387(4): 1575-1582 (DOI: 10.1111/j.1365-2966.2008.13279.x)
- Auld, T., Bridges, M., Hobson, M.P. and Gull, S.F. (2007) “Fast cosmological parameter estimation using neural networks.” Monthly Notices of the Royal Astronomical Society: Letters, 376(1): L11-L15 (DOI: 10.1111/j.1745-3933.2006.00276.x)
- Auld, T., Moore, A.W. and Gull, S.F. (2007) “Bayesian neural networks for internet traffic classification.” IEEE Transactions on Neural Networks, 18(1): 223-239 (DOI: 10.1109/TNN.2006.883010)
Working papers
- Auld, T. (2022) “Political markets as equity price factors.” Cambridge Working Papers in Economics, No.CWPE2264. Cambridge: University of Cambridge.
- Auld, T. (2022) “Betting and financial markets are cointegrated on election night.” Cambridge Working Papers in Economics, No.CWPE2263. Cambridge: University of Cambridge.
Awards and honours
- Best Student Paper Award, Cambridge Finance, 2017-2018
- Stevenson Prize for highest mark in the MPhil in Economic Research, University of Cambridge, 2017
- Various prizes and awards including college year prize, Queens’ College, Cambridge, 1995-1997