The Wolfram Solution for Financial Risk Management
Rapidly develop and test robust financial risk models and deploy them as interactive applications or as high-performance infrastructure components—all from one system, with one integrated workflow.
Wolfram Finance Platform is unique in offering the reliability of a mixed symbolic-numeric approach to computation, multiple switching algorithms, built-in computable financial and economic data and integrated parallel computation for scaling up performance.
- The Wolfram Edge
- How Wolfram Compares
- Key Capabilities
Wolfram Finance Platform includes thousands of built-in functions that let you:
- Develop and refine analytic models for risk
- Backtesting trading strategies to check viability or stress test models to account for extreme market changes
- Access real-time trading data and perform instant analysis
- Calculate value at risk for different portfolios and time horizons
- Do straight-through processing from the trade capture to the back end
- Create new tools for calculation, graphing and modeling and deploy them to your website
- Immediately compute with data from your existing Bloomberg feeds
- Dispatch order routing on .NET and Java platforms from one central command center
- Perform position reconciliation with online statements from the clearinghouse with XML functions
Does your current tool set have these advantages?
- Symbolic capabilities of time-value and bond functions allow for seamless integration with Wolfram Finance Platform's statistics framework for use in financial computations involving uncertain outcomes
- Develop, analyze, test, document and deliver custom models in a fraction of the time needed with other systems
-
Get accurate results with fully automated precision control and arbitrary-precision arithmetic
All systems relying on machine arithmetic, such as Excel or Matlab, become inaccurate -
Gain accuracy and reliability by performing symbolic calculations, not just numeric ones
Matlab's built-in routines only handle numeric calculations -
Choose from procedural, functional and rule-based programming paradigms for fast development and deployment
Other computation environments use predominantly procedural languages
Wolfram Finance Platform includes thousands of built-in functions for financial computation, modeling, visualization, development and deployment, including:
- Comprehensive derivative calculations, including American, European and exotic derivative pricing, Greeks and implied volatility »
- Immediate computation on streaming data from Bloomberg »
- Symbolic and numeric time-value-of-money computations, including valuation of lump-sum amounts, annuities and continuous or discrete cash flow streams »
- Calculation of effective interest rates for continuous- or discrete-time processes and term structures »
- Bond computation functions for values, sensitivity measures, accrued interest and calendar measurements using continuous- and discrete-time coupon or interest rate processes and term structures »
- Built-in statistical analysis and probability distributions, including stable and hyperbolic distributions, plus the ability to create distributions from data or other distributions »
- State-of-the-art data visualization with scaling functions; paired bar charts and histograms; and finance-specific charts like candlestick, point and figure, Kagi and more »
- Immediately create highly customized interactive financial charts using 100 built-in financial indicators »
- Integrated GPU computation, with CUDA and OpenCL support and external dynamic libraries for fast, efficient execution
- Built-in financial data, including current and historic market data, plus programmatic and interactive access to financial and economic data from Wolfram|Alpha
- Automated report creation, PDF export and interactive deployment with Wolfram Player or webMathematica to deliver results to management or clients
- Seamless integration of R, C and C++ code into your workflow.
- Advanced IDE for a rapid development workflow for computation-centric applications »
- Integrated random processes, signal processing and graphs and networks functionality
- Efficient random number generation for Markov chain Monte Carlo (MCMC) techniques »
- Import and export all common data formats, including XML, XLS, CSV and TSV or use Mathematica Link for Excel to run Mathematica and Excel side by side
- Use highly customizable interactive gauges to convey spreadsheets' worth of information with a single glance »
"The different technologies that Wolfram has now that allow you to go from something very sophisticated, like the notebook interface, all the way to the web interface is very powerful."
Philip ZecherChief Risk Officer, EQA Partners, LP
"The amount of code that's required to produce the same amount of work is a fraction of the amount of code that we would have to write with other tools, so the time to delivery is much faster."
Alan SavoyTechnical Manager and Architect, nGenera Corporation
"I think there's no question Mathematica is the superior platform for this kind of project and development of this project."
Bernard GressFinancial Economist, Fannie Mae
Organizations Using Wolfram Technologies
Consulting Solutions
Enlist the world’s computation experts to help with your project—any size, any level. At Wolfram, we know what’s possible with computational technology because we are global leaders in creating it. That gives us an unprecedented depth of expertise in applying it to consulting work in a variety of fields. Whether individual or enterprise, from concept to deployment, our computation experts can help you achieve robust results with less time and effort. Get us started with your project today