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Wolfram Finance Platform launch (Mathematica)


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Wolfram Finance Platform launch (Mathematica)

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  #1 (permalink)
 gregid 
Wrocław, Poland
 
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A new finance platform from Wolfram (power behind Mathematica) has just launched

Take a look:
Wolfram Finance Platform: Ultimate Financial Computation Environment

Depending on the final price - this may be quite big thing for algorithmic trading, but not only!

From the announcement email:

Quoting 
Since founding Wolfram Research 25 years ago, we've applied
ultimate computation to transform a range of different fields.
The reason I was keen to get in touch today was because of our
plans to do this in finance.

In the 90s, our Mathematica technology transformed the R&D
process. It's been used extensively in financial modeling.

Then, in the late 00s, we released our Wolfram|Alpha technology
by applying computation to knowledge to transform answer delivery
(which for example powers knowledge queries in Apple's Siri
intelligent assistant).

Today we are introducing Wolfram Finance Platform--applying
ultimate computation to transform enterprise computation,
development, and reporting in finance:
https://www.wolfram.com/finance-platform

Let me know more about your ideas to incorporate Wolfram Finance
Platform into your current projects, and I'll ask a member of our
team to contact you to discuss the details.


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  #3 (permalink)
 websouth 
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So is anyone using this finance platform or regular Mathematica in their analysis...?

I just bought the regular version (1 gig download) and going to try and get real time input via DDE from metatrader. (this is how you get real-time to MS excel) I will give some feed back on this next week. Curious now that they have wavelets if there is something usable here for a retail guy.
https://www.wolfram.com/mathematica/new-in-8/wavelet-analysis/

Wanted to see if anyone else has some input...

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 Lornz 
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websouth View Post
So is anyone using this finance platform or regular Mathematica in their analysis...?

I just bought the regular version (1 gig download) and going to try and get real time input via DDE from metatrader. (this is how you get real-time to MS excel) I will give some feed back on this next week. Curious now that they have wavelets if there is something usable here for a retail guy.
https://www.wolfram.com/mathematica/new-in-8/wavelet-analysis/

Wanted to see if anyone else has some input...

I'm using both Mathematica and MATLAB for schoolwork (only sporadically since the end of last year, so I'm by no means very experienced), but I haven't used them much for trading purposes. I found Excel and R more suitable for my needs.

I like the syntax of Mathematica, and the visualizations are beautiful. I was also interested in its symbolic capabilities for options modelling, but I never got around to doing much with it. The time series package seemed decent enough. I've yet to try the "Finance Platform", which looks interesting, but I assume that it's relatively expensive.

I ended up learning to program instead, and I'm now working, albeit quite slowly, on my own application. As I'm after something very specific, but rather simplistic, it makes more sense to build it from scratch. I still intend to use any of the other tools for rapid prototyping.

On a different note, the new "SystemModeler" (MathModelica) looks very cool and I look forward to playing with it.

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 RM99 
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I bet the capabilities and options are incredible, but the ease of use is terrible.

Usually with platforms...simple and intuitive = limited and vast and flexible = ph.D to operate

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 Lornz 
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To be fair, Mathematica has had a (free) link to Bloomberg for years, and Mathematica is also compatible with RMDS.

I found MATLAB easier to use for trading-related analysis, and MathWorks have made numerous videos that help one get started quickly. The problem with MATLAB is that it is too expensive for most (?) on this board. While Mathematica discounts its product for hobbyists, MATLAB only has student/academic or commercial editions. This means that Mathematica will set one back $295, while MATLAB, with the appropriate toolboxes, costs at least $10 000.

Personally, I'd take a look at Python ( Python Data Analysis Library — pandas: Python Data Analysis Library) and/or R ( The R Project for Statistical Computing and RStudio) instead, at least for the kind of data analysis I do. I'm surprised that more aren't using F#, but this ( Announcing the F# R Type Provider BlueMountain Capital Tech Blog) is a good start. Of course, I'm still waiting for the rest of the world to realize that LISP is the ultimate language, for all purposes, (https://www.stat.auckland.ac.nz/~ihaka/downloads/Compstat-2008.pdf), but I'm not holding my breath.

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 Nicolas11 
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( @Lornz, you're not alone. I'm a big fan of Scheme. Never used it for trading, though. )

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 Lornz 
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Nicolas11 View Post
( @Lornz, you're not alone. I'm a big fan of Scheme. Never used it for trading, though. )

Awesome! I'd never been interested in programming, but the MIT SICP lectures blew me away. Incredible stuff! God wrote in LISP!



On a different note, if anyone is interested in learning R (and statistics and computational finance), check out these courses offered by Coursera:

https://www.coursera.org/course/stats1

https://www.coursera.org/course/compfinance

https://www.coursera.org/course/compinvesting1

There's really no excuse for not learning this stuff anymore. I just wish they had offered it 10 years ago, when I got started...

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 gregid 
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Lornz View Post
God wrote in LISP!

When I think LISP the only thing I see is nested functions and Polish notation - are you suggesting God is Polish?

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 RM99 
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