Finance & Investment

• Host, embed or access your financial modeling and engineering software as services on the Web?
• Renovate, integrate and deploy financial modeling and engineering systems in your enterprise intranet?

ACE got the entire standards-based enabling technologies and solutions!

Finance and investment theory commands a high level of intellectual attention, fueled in part by extraordinary theoretical developments in finance, by an explosive growth of information and computing technology, and by the global expansion of investment activity.

ACE computational methods and software such as optimization and simultion, play a vital role in pure investment, combined consumption-investment, general cash flow management, option and asset pricing, hedging, portfolio selection, and strategic bidding. A combination of modeling and software solutions provide valuable assistance in decision making.

The financial services industry has multiple compute-intensive needs that can readily be handled by ACE technologies, including data mining, decision support, and portfolio optimization and risk management applications. Demanding applications such as derivatives analysis, portfolio/securities analysis, and actuarial analysis that typically require many hours or even days of compute time can be run in a fraction of the time on distributed computing services.

ACE endeavors to emphasize fundamental principles and to illustrate how these principles can be mastered and transformed into sound and practical solutions of actual finance and investment problems. Following are some of the examples that ACE systems and servers can be used to help deploy as services:

• Time value analysis of money
• Analysis of bonds, mortgages, and annuities
• Computation of d duration, convexity, and immunization Yield curve, forward rate, and spot rate
• Option pricing and its wide-ranging applications such as Black-Scholes analysis
  binomial option pricing model (BOPM)
  Futures, forwards, and other derivatives
• The combinatorics of random walks
• Computation and modeling that involves martingale, Brownian motion, stochastic calculus, and Ito integral
• Risk-neutral valuation
• Risk management
• Analysis in fixed-income securities with embedded options and interest rate derivatives
• Analysis in mortgage-backed securities (MBS)
  
• numerical modeling such as Monte Carlo methods, variance reduction (efficiency-improving) techniques, least-squares technique, Quasi-Monte Carlo method, solving partial differential equations, yield curve fitting, GARCH models
• Interest rate models and calibration