New computation software platform for finance released

May 17th, 2012 by Manmohan Leave a reply »

Wolfram Research has released a new computational software platform for finance, the Wolfram Finance platform. The platform promises to deliver a much higher level of computational integrity, automated workflows, speed, accuracy, and effectiveness than has previously been possible.

Known for being the computational power behind science and engineering with their Mathematica and Wolfram/Alpha technologies, Wolfram focusses on accelerating computational workflows in finance.

Wolfram Finance platform is a suite of technologies for software development that integrates computation, data analysis, visualization, and reporting, which combine to deliver smarter results faster.

“As algorithmic agility comes centrestage in finance, platform integration and automation become crucial for competitiveness,” says Conrad Wolfram, CEO of Wolfram Research Europe Ltd.

“Finance tools often are outmoded compared with modern, smart computation in other fields. That’s a key facet of what Wolfram Finance platform fixes–injecting the smartest algorithmic tools into finance workflows.”

“Wolfram Finance Platform is ideal for organizations that understand the need for a coherent enterprise computation strategy,” says Jamie Smith, senior finance account manager. “It brings together workflows for traders, front office, and risk managers and reporting, back-office, and senior management, as well as improving our offering for quants who already rely on our Mathematica technology.”

Wolfram Finance platform will be introduced at launch events in May in London, Paris and New York.

Source:http://www.theasset.com/article/21812.html

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