Functional Programming in Financial Markets by Paramjit Parmar(.ePUB)+
File Size: 10 MB
Functional Programming in Financial Markets: A Practical Guide to Solving Analytical Problems by Paramjit Parmar
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Overview: The work carried out in many financial institutions has demonstrated that successful trading operations can be built using functional programming. However, there remains an entry barrier due to the lack of practical knowledge required to apply these techniques effectively. This book lowers that barrier by offering accessible insights that are enriched with real-world expertise. 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. Functional programming offers a powerful way to structure financial software: by emphasizing immutability, composability, and clear mathematical reasoning, it provides tools that map naturally onto the kinds of problems encountered in the markets. Throughout this chapter, we have seen how simple, well-defined functions can be combined, transformed, and reused to build solutions that are both expressive and robust. Concepts such as referential transparency, algebraic data types, recursion, and function composition form the foundation on which more advanced techniques are built. In the chapters that follow, we will look at how these are applied in real-world trading applications. 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.
Genre: Non-Fiction > Tech & Devices
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