quantitative finance

A project called qcaml presents an approach to quantitative finance built with the OCaml programming language. It is drawing attention among developers and finance technologists, who are discussing the appeal of using a functional, statically typed language for pricing, modelling and other quantitative work typically dominated by Python and C++.

Jane Street has published the results of its hardware puzzle, a challenge that invited participants to solve a problem involving ASIC design. The trading firm's blog post outlines outcomes and winning solutions from the contest. Readers on Hacker News are discussing the results, following the firm's tradition of publishing programming puzzles that attract strong interest from the engineering and quantitative finance communities.

A new project called QCaml, a website and resource for quantitative finance using the OCaml programming language, is circulating among developers. The material presents OCaml as a language for quantitative finance work, and programmers in the technology community are sharing and weighing the choice of a functional language for finance applications.