Functional High Performance Financial IT: the HIPERFIT Research Center in Copenhagen
Publikation: Bidrag til bog/antologi/rapport › Konferencebidrag i proceedings › Forskning › fagfællebedømt
Standard
Functional High Performance Financial IT : the HIPERFIT Research Center in Copenhagen. / Berthold, Jost; Filinski, Andrzej; Henglein, Fritz; Larsen, Ken Friis; Steffensen, Mogens; Vinter, Brian.
Trends in Functional Programming: 12th International Symposium, TFP 2011, Madrid, Spain, May 16-18, 2011, Revised Selected Papers. red. / Ricardo Peña; Rex Page. Springer, 2012. s. 98-113 (Lecture notes in computer science, Bind 7193).Publikation: Bidrag til bog/antologi/rapport › Konferencebidrag i proceedings › Forskning › fagfællebedømt
Harvard
APA
Vancouver
Author
Bibtex
}
RIS
TY - GEN
T1 - Functional High Performance Financial IT
T2 - 12th International Symposium on Trends in Functional Programming
AU - Berthold, Jost
AU - Filinski, Andrzej
AU - Henglein, Fritz
AU - Larsen, Ken Friis
AU - Steffensen, Mogens
AU - Vinter, Brian
N1 - Conference code: 12
PY - 2012
Y1 - 2012
N2 - The world of finance faces the computational performance challenge of massively expanding data volumes, extreme response time requirements, and compute-intensive complex (risk) analyses. Simultaneously, new international regulatory rules require considerably more transparency and external auditability of financial institutions, including their software systems. To top it off, increased product variety and customisation necessitates shorter software development cycles and higher development productivity. In this paper, we report about HIPERFIT, a recently etablished strategic research center at the University of Copenhagen that attacks this triple challenge of increased performance, transparency and productivity in the financial sector by a novel integration of financial mathematics, domain-specific language technology, parallel functional programming, and emerging massively parallel hardware.HIPERFIT seeks to contribute to effective high-performance modelling by domain specialists, and to functional programming on highly parallel computer architectures in particular, by pursuing a research trajectory informed by the application domain of finance, but without limiting its research scope, generality, or applicablity, to finance. Research in HIPERFIT draws on and aims at producing new research in its different scientific fields, and it fosters synergies between them to deliver showcases of modern language technology and advanced functional methods with the potential for disruptive impact on an area of increasing societal importance.
AB - The world of finance faces the computational performance challenge of massively expanding data volumes, extreme response time requirements, and compute-intensive complex (risk) analyses. Simultaneously, new international regulatory rules require considerably more transparency and external auditability of financial institutions, including their software systems. To top it off, increased product variety and customisation necessitates shorter software development cycles and higher development productivity. In this paper, we report about HIPERFIT, a recently etablished strategic research center at the University of Copenhagen that attacks this triple challenge of increased performance, transparency and productivity in the financial sector by a novel integration of financial mathematics, domain-specific language technology, parallel functional programming, and emerging massively parallel hardware.HIPERFIT seeks to contribute to effective high-performance modelling by domain specialists, and to functional programming on highly parallel computer architectures in particular, by pursuing a research trajectory informed by the application domain of finance, but without limiting its research scope, generality, or applicablity, to finance. Research in HIPERFIT draws on and aims at producing new research in its different scientific fields, and it fosters synergies between them to deliver showcases of modern language technology and advanced functional methods with the potential for disruptive impact on an area of increasing societal importance.
U2 - 10.1007/978-3-642-32037-8_7
DO - 10.1007/978-3-642-32037-8_7
M3 - Article in proceedings
SN - 978-3-642-32036-1
T3 - Lecture notes in computer science
SP - 98
EP - 113
BT - Trends in Functional Programming
A2 - Peña, Ricardo
A2 - Page, Rex
PB - Springer
Y2 - 16 May 2011 through 18 May 2011
ER -
ID: 35244326