The benefits that big institutions derive from large database server farms are something UnRisk is working to deliver to smaller enterprises through developing distributed solutions

Herbert Exner and Andreas Binder of the Austrian based Unrisk consortium are excited about where distributed computing and solutions are going. UnRisk2 integrates an optimized C++ engine into Mathematica. It is intended as complete solution for front office professionals who require immediate derivatives and structured products pricing and analytics for sophisticated deal types.


UnRisk2’s declarative programming environment, object-oriented structure and high-end numerics stress tested in industrial processes and finance, facilitate rapid instrument building and model development. Mathematica Notebooks and Excel Workbooks access a single analytics platform. “Financial institutions, especially the large ones, are used to thinking about information technologies particularly as a result of transactions utilizing a huge amount of data. Consequently, their infrastructure is designed for this, employing large database server farms.” Says Exner. “With the advent of quantitative approaches in finance and its specialized requirements new people, knowledge and methodologies had to be integrated into the banking environment, but the understanding of approaches in infrastructure and technology has remained relatively static.”

To get the whole article, please download the article Down on the Farm.

 

News

UnRisk @ Spezialtag MiFID II

UnRisk @ Spezialtag MiFID II

UnRisk will speak at Spezialtag MiFID II am 06.12.2016: Anlageberatung 4.0...

Read more

UnRisk consortium and Multilateral AG teamed up to found UnRiskOmega AG

UnRisk consortium and Multilateral AG teamed up to found UnRiskOmega AG

UnRiskOmega is a cooperation of the three companies multilateral AG, uni softwar...

Read more

Mathematica & UnRisk Workshop in Paris

Mathematica & UnRisk Workshop in Paris

Wolfram Research and UnRisk have teamed up again to invite you to a free worksho...

Read more

UnRisk in Paris

UnRisk in Paris

We are deligthed that UnRisk has spoken at the Wolfram Finance Event "A Workout...

Read more

UnRisk Pricing Engine 8.1 Released

UnRisk Pricing Engine 8.1 Released

UnRisk today announced it has released UnRisk 8.1, an enhanced version of UnRisk...

Read more

UnRisk Factory 6 is here

UnRisk Factory 6 is here

UnRisk Factory 6 is realeased with new features in valuation, instruments, marke...

Read more

UnRisk 8 Released

UnRisk 8 Released

UnRisk today announced it has released UnRisk 8, an enhanced version of UnRisk-Q...

Read more

Success Stories

UnRisk and Solventis - Or How To Build Up a SaaS Solution with UnRisk Technologies

UnRisk and Solventis - Or How To Build Up a SaaS Solution with UnRisk Technologies

Solventis is an independent financial group established in 2002 by a team of pro...

Read more

UnRisk seals cooperation with multilateral AG

UnRisk seals cooperation with multilateral AG

multilateral AG is an innovative Swiss IT-Consulting and software engineering co...

Read more

Dupire - Robust Calibration of Local Volatility Models

Dupire - Robust Calibration of Local Volatility Models

For the so-called local volatility model, Bruno Dupire derived a closed form sol...

Read more

Workout in Computational Finance

Workout in Computational Finance

The intention of the book is to give a sound overview on numerical methods which...

Read more