Functional Programming in Financial Markets

Language: English

Published by Apress Sep 2026, 2026

9798868821882

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Neuware -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.The opening chapters introduce the fundamental concepts in functional programming and illustrate how these concepts are used in solving problems in the fixed income markets. As your understanding deepens, later chapters explore increasingly complex examples in areas such as valuation, risk analysis, hedging, and deal automation. The concluding chapters examine common programming patterns that arise across the solutions, including those influenced by category theory, such as functors, semigroups, monoids, and monads. At each stage, the book presents carefully selected algorithms to reinforce the practical understanding of the solutions.In the end, this book provides an accessible introduction to the use of functional programming in the financial markets by bridging the gap between the theory of functional programming and its practical application in areas of finance.What You Will Learn Develop functions for performing common financial market operations, such as valuing financial assets, calculating risks, hedging those risks, and automating buy/sell decisions.Use functional programming to extract business insights from large datasets using numerical and statistical techniques. Effectively apply various functional programming features, such as recursion, higher-order functions, and list processing, in creating these solutionsWho This Book Is ForAspiring 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. 176 pp. Englisch.…

Seller Inventory # 9798868821882

Title
Functional Programming in Financial Markets
Author
Paramjit Parmar
Publisher
Apress Sep 2026
Publication year
2026
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 13
9798868821882
Item weight
277 grams
Dimensions
235x155x10 mm

Books-by-Floh

Paderborn, Germany

4-star seller

AbeBooks seller since March 13, 2026

Shipping rates from Germany to U.S.A.

Item60 to 60 business days60 to 60 business days
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