Related projects
Discover more projects across a range of sectors and discipline — from AI to cleantech to social innovation.
PeerFX Inc. provides a peer to peer currency exchange platform that brings the small business client and individuals together and allows them to exchange currencies with each other. Rather than being charged a high spread in a bank, the users save significantly in this transaction system. However, the demand and supply of currencies normally cannot be balanced merely by the clients. PeerFX should exchange the extra supply of currencies for other deficient currencies with a third party, currency exchanges. In practice, the spread charged by the third party varies according to the currency pair and the amount to exchange. The intern will provide the most profitable exchange strategy by a mathematical optimization model. This model will be further developed with the clients' priorities, the promotion strategy and the exchange rate fluctuation taken into consideration.
Dr, Dominik Schotzau
Liang Zhu
PeerFX Inc.
Mathematics
Information and communications technologies
University of British Columbia
Accelerate
Discover more projects across a range of sectors and discipline — from AI to cleantech to social innovation.
Find the perfect opportunity to put your academic skills and knowledge into practice!
Find ProjectsThe strong support from governments across Canada, international partners, universities, colleges, companies, and community organizations has enabled Mitacs to focus on the core idea that talent and partnerships power innovation — and innovation creates a better future.