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A point process for event arrivals in high frequency trading is presented. The intensity is the product of a Hawkes process and high dimensional functions of covariates derived from the order book. Conditions for stationarity of the process…

Trading and Market Microstructure · Quantitative Finance 2026-05-12 Luca Mucciante , Alessio Sancetta

Dynamic jumps in the price and volatility of an asset are modelled using a joint Hawkes process in conjunction with a bivariate jump diffusion. A state space representation is used to link observed returns, plus nonparametric measures of…

Applications · Statistics 2016-03-10 Worapree Maneesoonthorn , Catherine S. Forbes , Gael M. Martin

Hawkes process is a class of simple point processes that is self-exciting and has clustering effect. The intensity of this point process depends on its entire past history. It has wide applications in finance, insurance, neuroscience,…

Probability · Mathematics 2018-03-28 Xuefeng Gao , Lingjiong Zhu

The Hawkes process (HP) has been widely applied to modeling self-exciting events including neuron spikes, earthquakes and tweets. To avoid designing parametric triggering kernel and to be able to quantify the prediction confidence, the…

Machine Learning · Computer Science 2021-02-05 Rui Zhang , Christian Walder , Marian-Andrei Rizoiu

Univariate marked Hawkes processes are used to model a range of real-world phenomena including earthquake aftershock sequences, contagious disease spread, content diffusion on social media platforms, and order book dynamics. This paper…

Methodology · Statistics 2026-04-13 Louis Davis , Conor Kresin , Boris Baeumer , Ting Wang

The Hawkes process is a model for counting the number of arrivals to a system which exhibits the self-exciting property - that one arrival creates a heightened chance of further arrivals in the near future. The model, and its…

Methodology · Statistics 2024-05-20 Patrick J. Laub , Young Lee , Philip K. Pollett , Thomas Taimre

It is often assumed that events cannot occur simultaneously when modelling data with point processes. This raises a problem as real-world data often contains synchronous observations due to aggregation or rounding, resulting from…

Methodology · Statistics 2021-08-30 Leigh Shlomovich , Edward A. K. Cohen , Niall Adams

Terrorist activities often exhibit temporal and spatial clustering, making the multivariate Hawkes process (MHP) a useful statistical model for analysing terrorism across different geographic regions. However, terror attack data from the…

Methodology · Statistics 2025-03-27 Jason J. Lambe , Feng Chen , Tom Stindl , Tsz-Kit Jeffrey Kwan

The Hawkes process is a self-exciting sample point process. It has wide applications in finance, social networks, criminology, seismology, and many other fields. With the development of storage technology, data-driven models are attracting…

Probability · Mathematics 2021-06-23 Haixu Wang

The Hawkes process has become a standard method for modeling self-exciting event sequences with different event types. A recent work has generalized the Hawkes process to a neurally self-modulating multivariate point process, which enables…

Machine Learning · Computer Science 2020-06-16 Zhen Han , Yunpu Ma , Yuyi Wang , Stephan Günnemann , Volker Tresp

The Hawkes process is a simple point process that has long memory, clustering effect, self-exciting property and is in general non-Markovian. The future evolution of a self-exciting point process is influenced by the timing of the past…

Probability · Mathematics 2013-06-25 Lingjiong Zhu

Event history data from sports competitions have recently drawn increasing attention in sports analytics to generate data-driven strategies. Such data often exhibit self-excitation in the event occurrence and dependence within event…

Methodology · Statistics 2026-01-14 K. Ken Peng , X. Joan Hu , Tim B. Swartz

The Hawkes model is a past-dependent point process, widely used in various fields for modeling temporal clustering of events. Extending this framework, the multidimensional marked Hawkes process incorporates multiple interacting event types…

Methodology · Statistics 2025-05-20 Anna Bonnet , Charlotte Dion-Blanc , Maya Sadeler-Perrin

Hawkes process are very popular mathematical tools for modelling phenomena exhibiting a \textit{self-exciting} or \textit{self-correcting} behaviour. Typical examples are earthquakes occurrence, wild-fires, drought, capture-recapture, crime…

Computation · Statistics 2023-06-23 Francesco Serafini , Finn Lindgren , Mark Naylor

Hawkes processes have recently gained increasing attention from the machine learning community for their versatility in modeling event sequence data. While they have a rich history going back decades, some of their properties, such as…

In this paper, we develop an efficient nonparametric Bayesian estimation of the kernel function of Hawkes processes. The non-parametric Bayesian approach is important because it provides flexible Hawkes kernels and quantifies their…

Machine Learning · Computer Science 2022-04-14 Rui Zhang , Christian Walder , Marian-Andrei Rizoiu , Lexing Xie

The Hawkes process is a widely used model in many areas, such as finance, seismology, neuroscience, epidemiology, and social sciences. Estimation of the Hawkes process from continuous observations of a sample path is relatively…

Methodology · Statistics 2024-01-23 Feng Chen , Jeffrey Kwan , Tom Stindl

In this work, several convergence results are established for nearly critical self-excited systems in which event arrivals are described by multivariate marked Hawkes point processes. Under some mild high-frequency assumptions, the rescaled…

Probability · Mathematics 2024-01-31 Wei Xu

Self-exciting Hawkes processes are used to model events which cluster in time and space, and have been widely studied in seismology under the name of the Epidemic Type Aftershock Sequence (ETAS) model. In the ETAS framework, the occurrence…

Computation · Statistics 2020-02-06 Aleksandar A. Kolev , Gordon J. Ross

We present a careful analysis of possible issues on the application of the self-excited Hawkes process to high-frequency financial data. We carefully analyze a set of effects leading to significant biases in the estimation of the…

Statistical Finance · Quantitative Finance 2014-07-04 Vladimir Filimonov , Didier Sornette