Basic HTML version of Foils prepared May 12 1996

Foil 8 Financial Application areas for which High-performance computing technologies are becoming indispensable

From Overview of HPCC Applications at NPAC CRPC Annual Meeting -- May 14-17 1996. by Geoffrey Fox


HPCC is becoming indispensable in the application domains such as:
  • Derivative Valuation -- particularly over-the-counter products and exotics
  • Portfolio optimization, valuation and asset allocation
  • Hedging of large portfolios in real time
  • Arbitrage trading
  • Risk analysis simulations
  • Pattern recognition
  • Detection of fraud
  • Credit risk analysis
  • Market segmentation
NPAC is engaged in development of new tools for quantitative financial modeling which take advantage of scalable computer architectures
The ultimate goal is to integrate various quantitative analysis transparently using Web technologies into a seamless cooperative computing environment, capable of supporting all aspects of enterprise-wide risk management.



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