Why Wolfram Finance Platform?
Because principles matter.
Twenty years of building on bold design principles make Mathematica the world's ultimate computation platform, and these design principles allow for the continuous development of financial capabilities.
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Automation
Automation is the key to productive computing. Unlike other systems, Wolfram Finance Platform applies intelligent automation in every part of the system, from algorithm selection to plot layout and user interface design.You get reliable, high-quality results without needing algorithm expertise—and even if you're an expert, you get results faster.
Wolfram Finance Platform automatically chooses the most appropriate valuation method across all 95 supported option classes.
Automation in Finance |
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Derivative valuation methods
Immediate visualization
Fitting distributions to data
Importing historical data
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Optimized option estimation
OHLCV automatically determined
Method optimized to data structure
Automatic data format detection
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Requires knowledge of option pricing models
Requires manual specification
Requires prior analysis of data
Manual specification of data structure
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Automation in Development |
Advantages |
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Free-form linguistic input
User interface construction
Cross-platform deployment
Memory management
Parallelization
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Translate free-form text into precise commands
Complete interfaces from minimal specification»
Intrinsically platform-independent applications
Optimized allocation, tracking, and deallocation
Zero-configuration parallelization
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(No alternative)
Manually program all aspects of user interface
Limited deployment (or manually port to each platform)
Manually allocate and track memory
Manual parallelization (initialization, communication, etc.)
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Integrated All-in-One Platform
Specialized software and add-on toolboxes discourage the creative exploration of new ideas and areas—an even greater cost than their purchase price. Wolfram Finance Platform requires no add-ons. It has built-in specialized functionality for many finance areas, from derivatives pricing to optimization, trading charts to statistical tests, all tightly integrated with the rest of the system. Non-computational tasks are equally integrated—from interactive report generation to system integration, all the tools you need are in a single integrated platform.
This point-and-click value-at-risk calculator uses Wolfram Finance Platform's built-in functionality to apply advanced statistical models to a market data feed.
Integrated All-in-One Platform |
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Embed live computation and data in documents and reports
Immediately deploy tools or reports to the web and desktop
Comprehensive statistics and optimization functionality
Link to Bloomberg subscriptions to bring in data for accurate analysis
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Documents with limited usage
Extra cost and interrupted workflow
Limited capabilities
Static reports
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Smooth workflow, from idea to deployment
Own a single technical platform
Learn a single technical platform
Explore ideas spanning different technical areas
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Change tools and formats at each stage
Regularly need costly add-on toolboxes
Learn multiple specialized tools with limited scope
Creativity restricted by built-in functionality
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Hybrid Symbolic-Numeric Methodology
Symbolic and numerical computation are traditionally thought of as separate, to the detriment of users. In Wolfram Finance Platform, they are seamlessly integrated, enabling unique hybrid methods for many problems and ensuring consistent results whenever quantities of any precision are combined.
Both symbolic and numerical values are returned for many financial functions, allowing results to be directly solved, optimized, or used within larger models.
Hybrid Symbolic-Numeric Methodology |
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Symbolic financial evaluation for exact results
Exact optimization solutions
Direct use of extensible mathematical models
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Lose accuracy by approximations only
Limited range of optimization technique
Re-use only specific calculated values
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Multiparadigm Language
Wolfram Finance Platform's Mathematica stands out from traditional computer languages by simultaneously supporting many programming paradigms, such as procedural, functional, rule-based, pattern-based, object-oriented, and more.
Mathematica lets you program in the style you prefer.
Advantages |
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Program the way you think
Use the best combination of techniques for the problem
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Change your thinking to fit the platform
Operate within a single paradigm, regardless of its suitability
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Built-in Knowledge
Searching and updating standard datasets shouldn't interrupt your workflow. Wolfram Finance Platform is unique among computation environments because it includes Wolfram|Alpha's vast collection of carefully curated data of all kinds, continuously updated and expanded. Financial databases include market prices and market fundamentals that are essential for constructing financial and economic models. For real-time trading, Wolfram Finance Platform can also access your Bloomberg data feed.
With Wolfram Finance Platform, computation-ready data is built in.
Built-in Knowledge |
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Extensive, computation-ready financial data built in
Comprehensive, up-to-date economic data
Relevant geographic data for trend analysis
Trillions of pieces of continuously updated data from Wolfram|Alpha
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Requires expensive add-ons
Requires manual curation and import
Data is divided among many sources
Not available in any other software
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Advantages |
In Other Systems... |
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Readily computable data built in»
Automatically keep data up to date
Instantly access and use standard data
Incorporate standard data that would be hard to obtain
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Manually import, validate, and restructure data
Regularly check source for updates and corrections
Interrupt workflow to obtain data
Restrict analyses to a more limited set of data
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Document-Based Workflow
You shouldn't need one program to process your financial and economic data, another to visualize it, and a third to interactively present it. Wolfram Finance Platform does everything in a single workflow, keeping all elements of a project—calculations, visualizations, data, documentation, and even interactive applications—together, in uniquely flexible documents. Computable Document Format (CDF) files consolidate your calculations, interactive visualizations, and data and text and create high-quality reports or presentation documents.
A simple example of what is possible with CDF, along with hundreds of freely available professional finance and economic models, which can be downloaded in the CDF format from the Wolfram Demonstrations Project.
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Keep all elements of a project together
Automatically document as you work
Include interactivity in documents»
Easily re-target documents for web, print, and presentations and as applications
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Save data, formulas, text, code, results, graphics, and applications in separate files and formats
Lose intermediate steps, leading to difficulty reproducing results
Graphics and other elements must be static, not interactive
Start from scratch when deploying to any new medium
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