Wolfram Releases New Computational Software Platform for Finance
May 15, 2012—Wolfram Research signals a new dawn of
innovation in the computational finance market with its much-anticipated
Wolfram Finance Platform. Described as "the
environment—now for finance," the platform promises to deliver a much
higher level of computational integrity, automated workflows, speed,
accuracy, and effectiveness than has previously been possible.
Renowned for being the computational power behind science and
engineering with its Mathematica and Wolfram|Alpha technologies,
Wolfram focuses attention and expertise to accelerate 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
"As algorithmic agility comes center stage 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."
"New integrated capabilities, including CUDA-accelerated pricing
calculations, and data feeds, such as Bloomberg and interactive
reporting tools, are all just the start of our increased focus on
finance," says Samuel Chen, Product Manager of Wolfram Finance Platform.
"But as well as new technology, we are rolling out a new package of
professional services, including custom onsite training, consultancy,
and 24-hour support."
Wolfram Finance Platform will be introduced at launch events in May in London, Paris, and New York.
Wolfram is the company where computation meets knowledge. The
organization pursues a long-term vision to develop the science,
technology, and tools to make computation an ever-more-potent force in
today's and tomorrow's world. The company is the developer of
Mathematica, the world's most powerful integrated computation system,
and Wolfram|Alpha, the widely used and continually growing computational
knowledge engine. Wolfram is also a pioneer in electronic publishing
with its Computable Document Format (CDF), an interactive,
computation-based knowledge container. Wolfram maintains the world's
largest free network of technical information websites, including MathWorld—the #1 website devoted to
mathematics—and the Wolfram
Demonstrations Project. For more information, visit the company's website.