The people behind the UnRisk 2 derivatives pricing package bring their unique experience in heavy industry to  bear on pricing in the global financial markets

Johannes Kepler introduced physics to the heavens. And it was in Linz, the capital of the northern Austrian province of Oberösterreich, that Kepler, then holder of the court position of district mathematician, discovered the third law of planetary motion (distance-cubed-over-time-squared for non astronomers out there). Much has changed since the seventeenth century, Linz is now one of Austria’s centers of heavy industry, and has been since the second world war. But the local development of physics applications continues, amidst the plants and furnaces of Austria’s steel industry, a small group of researchers have begun to focus their attentions upon matters financial - and in so doing are attempting to innovate a third way in the development of specialist software for pricing derivatives.

 UnRisk 2 is the latest version of the UnRisk Pricing Engine for Mathematica, which provides immediate  pricing and analytics for the Front Office and rapid modeling and product building for Quants and Risk Analysts. It employs numerical schemes for derivatives pricing and analytics based on Adaptive Integration, Finite Element, Streamline Diffusion and Regularization Techniques developed by MathConsult. 

To get the whole article, please download the article Coal Faced Mathematicians.