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.