Theta Proxy XL on c't software CeBIT - DVD Edition

As in previous years, some 2013 issues of the c't magazine include a covermount DVD-ROM. The DVD-ROM that will be in c't issue 6/2013 (CeBIT edition) features a hand-selected collection of free- and shareware programs as well as fully registered versions. This compilation includes software related to "science and technology" as well as "office workflows".

Theta Proxy XL, the Thetaris Excel Add-in software that accelerates the performance of complex Excel functions, such as user-defined functions (UDF) for Monte-Carlo simulation will be featured on the DVD and described in the c't magazine. 

Please see also: http://www.thetaris.com/thetaproxy

We are happy and proud, that the c't magazine - one of the most important and widest-circulated software magazines in Germany - selected Theta Proxy XL for this DVD edition, which is issued in parallel to the CeBIT 2013,  the world's largest trade fair showcasing digital IT and telecommunications solutions for home and work environments.

Merry Christmas and a Happy New Year

The Thetaris team wishes all of you Merry Christmas and all the best for 2013. 

We would like to thank all our customers and partners for your support, loyalty and feedback and are looking forward - together with you -  to new challenges and ambitious projects in the next year.

See you!
Your Thetaris Team

OpenGamma

Thetaris wants to call your attention to a new player in the financial software business we're very excited about: OpenGamma. Already recognized as a "firm of the future" by Risk Magazine, OpenGamma and its unified system for front-office and risk calculations is the latest buzz in the financial services industry. Especially interesting for our customers are its portfolio and the market data management capabilities.

The platform software is based on modern design principles and gets delivered as open source - notwithstanding full commercial support. Custom commercial components are also available and the platform's openness fosters integration with and extension by specialized data or technology providers. As such OpenGamma is a perfect match for Thetaris and its cutting-edge technologies and financial know-how.

A prototype for ThetaML integration with OpenGamma is already complete. We like the professional yet open mindset of the OpenGamma folks. As a matter of fact, we've already made first contributions back to the platform's official GitHub repository. We think the financial community can benefit a lot by joining up to improve this standards-based platform and create even better solutions for customers. 

Theta Suite - The Financial Simulation Tool - Free for Academics

Thetaris provides academic users free access to our Monte-Carlo simulation software - Theta Suite, together with full technical support. By offering a free academic license we want you and your colleagues to enjoy all the benefits which so far only industry practitioners have experienced.

Theta Suite comes in two versions: Theta Suite XL is a stand-alone version which allows you to perform simulations in Excel in a brand new fashion. Theta Suite Professional on the other hand is deeply integrated into Matlab, so one could call it the Monte-Carlo toolbox for Matlab. So if you already use Matlab in your academic work, this could be your version of choice.

PRMIA Event on Discounting after the Financial Crisis

The PRIMIA Munich Chapter invited its community to a meeting with Dr. Roland Stamm, Deutsche Pfandbriefbank, and his talk about the "Discounting and Curve Construction Since the Beginning of Financial Crisis 2007" on the 18th of October 2012.

In the aftermath of the financial crisis one major pillar of financial engineering and risk-free pricing has disappeared: Interest rates for lending and borrowing money can no longer be assumed to be more or less equal. When spreads between lending and borrowing widened after 2007, financial engineers realized they had to look for new approaches to product pricing.

Even relatively simple products like basis swaps turned into a big challenge. Before the crisis, swaps could be priced very objectively from a known interest rate curve. After the crisis counter party risks started to play a major role. This not only affects the valuation of hedging instruments but also the valuation of collateral that nowadays has to be provided and actively updated during a product's life cycle.

Trading swaps between banks also has become a problem. Very often it is simply not possible to agree on one price. Financial engineers are just starting to establish theories to cope with this complicated world. Before the crisis structured products were challenging. Now, simple products can pose an even bigger challenge.

Please find the presentation here: Presentation: Discounting and Curve Construction Since the Beginning of Financial Crisis 2007

Eclipse Finance Day & Eclipse Con

Eclipse has grown from a simple open source Java development environment into a platform for large-scale enterprise applications. The Eclipse Finance Day on Oct. 16th in Zurich showed impressive examples of recent developments and usage of eclipse technology in financial institutions. Eclipse Con on Oct. 23rd in Ludwigsburg will be the next opportunity for exchanging experiences and ideas.

Get your free ebook copy of "ThetaML Handbook"

Stefan Dirnstorfer, Andreas J. Grau and Hongzhu Li present a comprehensive introduction into the language for financial modelling "ThetaML" - the handbook is now available as a free pdf-download.

Please follow the link http://www.thetaris.com/support/download-of-handbook and just download the E-book (pdf-file). 

Content: Besides a brief introduction into Theta Suite, this handbook serves a complete reference on ThetaML. The book starts with a summary of the language features, followed by a chapter on ThetaML language syntax. The ThetaML type system, interfaces and workflows are detailed in later chapters. There are many code examples to help understand the language commands and functions. Two tutorials further apply ThetaML to pricing and hedging financial contracts, especially options. The final chapter offers many tips and tricks for more efficient use of ThetaML in financial settings. All examples are ready for testing and evaluation in Theta Suite using MC Simulation.