Functional Programming in Finance Markets
Apress (Verlag)
979-8-8688-2188-2 (ISBN)
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While functional programming has been around for many decades, its benefits have become increasingly apparent in more recent years. This is due to a variety of factors, including advancements in processing speeds, the growth in the use of distributed computing, and the availability of functional programming languages on platforms which are popular in finance - particularly .NET and JVM.
The opening chapters introduce the fundamental concepts in functional programming and illustrate how these concepts are used in solving problems in the fixed income markets. As your understanding deepens, later chapters explore increasingly complex examples in areas such as valuation, risk analysis, hedging, and deal automation. The concluding chapters examine common programming patterns that arise across the solutions, including those influenced by category theory, such as functors, semigroups, monoids, and monads. At each stage, the book presents carefully selected algorithms to reinforce the practical understanding of the solutions.
In the end, this book provides an accessible introduction to the use of functional programming in the financial markets by bridging the gap between the theory of functional programming and its practical application in areas of finance.
What You Will Learn
Develop functions for performing common financial market operations, such as valuing financial assets, calculating risks, hedging those risks, and automating buy/sell decisions.
Use functional programming to extract business insights from large datasets using numerical and statistical techniques.
Effectively apply various functional programming features, such as recursion, higher-order functions, and list processing, in creating these solutions
Who This Book Is For
Aspiring professionals entering the financial markets; professional software engineers seeking a deeper understanding of how functional programming is utilized in modern capital markets; and finance professionals (including traders, risk managers, and other business users) who want to grasp the implementation details behind the "black box" tools they rely on in their day to day lives.
Paramjit Parmar has more than 20 years of experience working in global investment banking teams using my skills in software development, data analysis and quantitative methods: At UBS Investment Bank, he led a team of approximately 25 quantitative analysts and developers, responsible for building solutions for valuation and risk management in the global fixed income markets. At Goldman Sachs, he spent six years developing software applications to extract business insights from large volumes of trading data. The goal was to improve the levels of automation and efficiency in global market operations. Additionally, he has served as a consultant for startups, offering specialized expertise in data and analytics to financial market clients, including banks, exchanges, clearing organizations, and dealer associations. He has also provided training to dealers and risk managers in the interest rate and credit derivative markets.
Chapter 1 : An overview of functional programming in finance.- Chapter 2 : An introduction to the fixed income markets.- Chapter 3 : Asset valuation using functional programming.- Chapter 4 : Risk measurement.- Chapter 5 : Automating decision making.- Chapter 6 : Common patterns.- Chapter 7 : Costs and benefits.
| Erscheint lt. Verlag | 29.5.2026 |
|---|---|
| Zusatzinfo | Approx. 300 p. |
| Verlagsort | Berkley |
| Sprache | englisch |
| Maße | 155 x 235 mm |
| Themenwelt | Mathematik / Informatik ► Informatik ► Programmiersprachen / -werkzeuge |
| Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung | |
| Schlagworte | Business Intelligence • Data Analysis • Financial Analytics • Functional Programming • Function composition • higher order functions • list process • Pricing • Quantitative Finance • Risk Management |
| ISBN-13 | 979-8-8688-2188-2 / 9798868821882 |
| Zustand | Neuware |
| Informationen gemäß Produktsicherheitsverordnung (GPSR) | |
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