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From what I've heard a lot of specialized finance applications run OCaml/Haskell/etc. because of the extreme need for safe and reliable code while also preservi
by yawaramin 7y ago
From what I've heard a lot of specialized finance applications run OCaml/Haskell/etc. because of the extreme need for safe and reliable code while also preserving performance.
- tluyben2 7y agoI think 'a lot' is maybe a bit an exaggeration; also, besides maybe Jane Street, it is usually only a small portion of the IT department. But I love to hear more as I am in finance (only encountering Java/.NET basically).
- yawaramin 7y agoWell for example, one of the most interesting applications of OCaml in finance (well, fintech) is implemented in OCaml and open source: https://gitlab.com/tezos/tezos https://gitlab.com/tezos/tezos Then there's Bloomberg: https://ocaml.org/learn/companies.html https://ocaml.org/learn/companies.html > Bloomberg employs OCaml in a advanced financial derivatives risk management application Press release from Bloomberg announcing BuckleScript: https://www.bloomberg.com/company/press/open-source-at-bloomberg-introducing-bucklescript/ https://www.bloomberg.com/company/press/open-source-at-bloom... > We are not currently using BuckleScript on the Terminal, but stay tuned… This seems to suggest that they were looking at programming Bloomberg terminal applications in BuckleScript, compiled to JavaScript, at least at one point. There's also LexiFi: https://www.quora.com/Is-the-OCaml-language-used-in-quantitative-finance-What-are-the-applications https://www.quora.com/Is-the-OCaml-language-used-in-quantita... I think if you go looking, it's not hard to find OCaml in finance in certain niches.