Learn from professionals. Build with Cornell students.

Learn how quantitative research works. Then help build it.

CATC brings Cornell students together to learn from people working in quantitative finance and put those ideas into practice. Members improve shared data pipelines, develop indicators, test market questions, and turn useful research into tools the club can keep building on.

No prior trading or finance experience is required. Curiosity, creativity, and an open mind matter more than jargon.

The CATC loop

Choose a step
Learn · 01Professional insight

How would a practitioner frame the problem?

The CATC experience

Learn the work. Then do the work.

CATC connects professional perspective with a place to practice. Each side makes the other more useful.

01

Learn

Learn from people doing it

Professionals and alumni help members understand how researchers ask questions, evaluate data, challenge models, think about risk, and build careers in quantitative finance.

  • See how industry standards differ from a class assignment.
  • Hear why simple approaches and careful tests often matter most.
  • Ask candid questions about research, markets, and careers.
02

Build

Build something that lasts

Teams put those lessons to work. They improve shared data, develop indicators, test market questions, document what happened, and leave useful work for the next team.

  • Work with shared data instead of starting from zero.
  • Present decisions and get feedback from other members.
  • Turn strong work into reusable research or tools.
Professional insightMember projectShared CATC system

Quant, in plain language

So, what is quantitative research?

Quantitative research uses data, statistics, and code to test questions about markets.

Illustrative example

When several insiders buy after a sharp earnings drop, did the market overreact?

A team could classify the filings, build a conviction score, and test whether the pattern adds information beyond effects already known to the market.

An illustrative research question, not an investment recommendation.

Data

Start with Form 4 filings. Decide which transactions matter.

SEC Form 4 filings are public, but they mix open-market purchases with stock awards, option exercises, automatic sales, and other activity. Good research first builds a reliable dataset that separates those events before asking what insider behavior might mean.

Form 4 research is notTreat every insider transaction as a signal.Classify what happened, who chose it, and whether their own money was involved.

SEC Form 4 data pipeline

No CATC result or performance claim

Research question

Can clusters of insider purchases after a sharp earnings drop reveal a market overreaction?

To test the idea, separate deliberate open-market purchases from transactions that happen for other reasons.

Already availablePrices · earnings dates · returns
Still neededClean, classified Form 4 purchase histories
1 / 4
Choose deliberatelyStart with the question and compare practical sources.
  • Relevance
  • Reputation
  • Available history
  • Coverage
  • Freshness
  • Consistency
  • Feasibility
  • Cost and permitted use
Make it usableCollect, clean, and describe the data so another member can use it.
  • Repeatable ingestion
  • Clear schemas
  • Standard names and units
  • Missing-value rules
  • Duplicate handling
  • Provenance
  • Documentation
Keep it healthyData work continues after the first successful download.
  • Freshness checks
  • Expected coverage
  • Schema validation
  • Missingness limits
  • Duplicate detection
  • Broken-update alerts
  • Health history

Indicators

Turn clean Form 4 data into a testable score.

Once true open-market purchases are separated from less informative transactions, the Insider Conviction Score measures how unusual and meaningful a cluster may be. The score is a hypothesis to test, not a prediction to trust automatically.

  1. 01Start with public SEC Form 4 filings.
  2. 02Keep true open-market purchases made with an insider’s own money.
  3. 03Separate awards, option exercises, automatic sales, and other transactions.
  4. 04Define a cluster of independent senior-insider purchases.
  5. 05Measure buyer count, roles, purchase size, history, and timing.
  6. 06Add the size of the stock’s preceding earnings decline.
  7. 07Rank companies with one repeatable Insider Conviction Score.
  8. 08Test 1-, 3-, and 6-month returns with fair comparison controls.

Illustrative example

Insider Conviction Score

Built from SEC Form 4 filings, not an investment recommendation
APublic Form 4 filingsStart with official records of insider transactions.
+
BOpen-market buysKeep purchases made with an insider’s own money.
+
COther transactionsSeparate awards, option exercises, automatic sales, and similar activity.

Not every insider transaction carries the same information.

1 / 4
“Insiders buy → stock goes up” is not a research result.

Research turns a messy real-world idea into a measurable indicator, then tests whether it truly adds information.

From learning to contributing

See how each decision connects.

Members are not expected to understand the whole process on day one. This map shows how one question can move from professional insight to reusable work.

Insight

1 of 5

  1. 01

    Professional insight

    A practitioner shares how real researchers frame a problem.

  2. 02

    Market question

    Could clusters of insider purchases after an earnings drop reveal an overreaction?

01 / 05
01

Learn

Build a foundation in code, statistics, markets, and careful research.

02

Choose a question

Start with something specific enough to investigate.

03

Join a team

Work with members who bring different skills and perspectives.

04

Build

Improve data, an indicator, a research test, or a supporting tool.

05

Get reviewed

Explain decisions, hear challenges, and make the work clearer.

06

Present

Share what worked, what did not, and what the team learned.

07

Contribute

Leave behind reusable work and documentation for CATC.

People make the system useful

Learn with students who bring different ways of thinking.

CATC members come from different majors and levels of experience. They share questions, review each other’s work, and build together.

Meet the team
Nicolas Thollot
Nicolas ThollotPresident
Thevindu Perera
Thevindu PereraVice President
Eric Shen
Eric ShenDirector of Recruitment
Ayan Kohli
Ayan KohliGeneral Member
Maira Gupta
Maira GuptaGeneral Member
Tanish Tyagi
Tanish TyagiGeneral Member

Recruiting

Curious enough to keep asking why?

We welcome Cornell students from every year, major, and level of experience. Bring genuine interest and an open mind; we’ll help you build the rest.

Explore recruiting