Computational finance is a branch of applied computer science that deals with problems of practical interest in finance. Some slightly different definitions are the study of data and algorithms currently used in finance and the mathematics of computer programs that realize financial models or systems.
Computational finance emphasizes practical numerical methods rather than mathematical proofs and focuses on techniques that apply directly to economic analyses. It is an interdisciplinary field between mathematical finance and numerical methods. Two major areas are efficient and accurate computation of fair values of financial securities and the modeling of stochastic price series.
Read more about Computational Finance: History, Applications of Computational Finance, Coding, Algorithmic Trading Platform, Masters Programs in Computational Finance
Famous quotes containing the word finance:
“There is an enormous chasm between the relatively rich and powerful people who make decisions in government, business, and finance and our poorer neighbors who must depend on these decisions to alleviate the problems caused by their lack of power and influence.”
—Jimmy Carter (James Earl Carter, Jr.)