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 ultimate computation 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 results faster.

"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.