August 16, 2012–When it comes to their money, investors are looking for cutting edge results. As a result it’s getting hard to keep up with technological evolution in the world of investing. Financial services was one of the first business sectors to pick up on the infinite possibilities of big data, and perhaps no other industry will continue to evolve along with the benefits they receive from continued innovation in data analytic systems. An article posted on the website for Virtual Strategy Magazine, “SixFaceCloud – Financial Analysis PaaS”, provides an overview of one such exciting innovation.
According to the article:
“The Company’s goal is to bridge the gap between quantitative analysts and financial sector Java programmers. The system includes Java framework, execution environment and simplified DSL for quantitative analysts….Java framework helps programmers to concentrate on implementing financial algorithms while hiding details of computation parallelization and job tracking… Execution environment effectively executes tasks on local system, network-wide computer cluster or cloud environment like Amazon EC2…DSL serves as a simple yet efficient language for quants as non-professional programmers.”
We’re impressed with the details of this new system, particularly the areas focused on securing information while simultaneously, coordinating quantitative analysis and Java programming. We recommend readers check out the websites of SixFaceCloud and Digital Reasoning for the latest developments in data analytic solutions for the financial services industry.
Jeremy Morris
Sponsored by ArnoldIT.com, developer of Augmentext.
