The modern start of financial signal processing is often credited to Claude Shannon.
He discovered the capacity of a communication channel by analyzing entropy of information.
Some early research results in this area are summarized by R.H. Tütüncü and M. Koenig[2] and by T.M.
[4] An edited volume with the title Financial Signal Processing and Machine Learning was published the following year.
[9] Recently, a new research group in Imperial College London has been formed which focuses on Financial Signal Processing as part of the Communication and Signal Processing Group of the Electrical and Electronic Engineering department,[10] led by Anthony G. Constantinides.