From Financial Daredevils To Autopilots?

Thinking about surfing the turbulent price waves an aspect of discontinuity in technology development enters into my consciousness.

From Financial Doldrums to Storm

This weekend, again at the lake - the Attersee: Yesterday evening, within twenty minutes the wind changed from doldrums to storm and the water began to swirl.

We Live in an Era of Uncertainty and Risk

In the shadow of the boat house I re-read a book, I have not looked into for a while: M. Mitchell Waldrop's  Complexity and its first chapter linked me to Brian Arthur's work especially his understanding of economic behavior, in the opposite of the classical theory of economy (and this in the 1970ies!): Increasing Returns and Path Dependence in the Economy, also title of his book released 1994, a collection of papers.

Where Are We On The Agenda 2011

This year I have rented a little apartment in an old post station at one of Austria's most beautiful lakes - the Attersee.
Next week I will take a few days off and enjoy this view when coming through the veteran wooden boathouse to capture the first sun beams of the morning. Looking back a little - Gustav Mahler stayed in this corners composing …

2^5 Financial Institutions in Austria Selected UnRisk

With the order of an UnRisk FACTORY and VaR Universe  by a capital management firm UnRisk customers grew to 32 in Austria alone this week.

Harnessing The Power of Feedback Loops

Article in WIRED, July 2011. Our brains and our behavior are driven by feedback loops. 
In factory automation, feedback loops are used to control machines tools, robots, transportation and handling systems, assembly, ... to go-to mechanisms need to know where-they are. Machine behavior is the result of constant instantiation, calibration and recalibration of models, say geometric, kinematic, dynamic, elasto-plastic, thermal, ... in feedback loops.

Risk Analytics In Time

About our achievements and the benefits of concrete partnership with a leading maker of hybrid CPU-GPU systems - a white paper on HPC in Computational Finance by Utilizing NVIDIA GPUs.

Efficient Pricing Engines Are Also Fit For Better Pricing Model Validation

Dangerous biases can creep into decisions even in fields that are assessed as strictly technical. Questions that decision makers in investment and risk management should ask themselves beyond the usual risk - managing model & method risk. Measuring model uncertainties special teams will have delved more deeply into the analysis than the decision maker has time to. Questions, like the following might help

Smaller, Faster and Much Cheaper - Cluster Level Performance Right At Your Desk

I just returned from the London and Paris events. Wolfram, NVIDIA, Supermicro and us presented in-time results  that were impossible before.

It Is Time For Massive Valuation - and Get Double

On Sunday, I will move to London, where we co-organize the first-in-a-tour Wolfram-NVIDIA-UnRisk event focussing on the acceleration of quant finance tasks.