Thetaris Releases Monte Carlo Toolbox for Excel
Munich-based Thetaris has announced the laucnh of Theta Suite XL, a Microsoft Excel toolkit designed specifically for Monte Carlo simulation.
The toolkit uses a proprietary coding language, ThetaML, to take the simulation outside of Excel's framework, reducing lag and slowdown inside the program itself. The software plugs in via the Excel Bridge, and simulations can be tested directly in the Thetaris Cloud.
"Microsoft Excel is a fantastic tool for the embedding of data sources and a great one for reporting," says Andreas Grau, CEO at Thetaris. "However it is not geared towards simulation models like Monte-Carlo. Here is where Theta Suite XL comes into play."
Monte Carlo methods are computational algorithms, relying on random sampling to generate results. Primarily used in financial services as a risk management tool, they can also be used for pricing, valuation and other compute-intensive processes.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
The road to alpha is paved with hardware
Fully hardware-based systems are the natural evolution of capital markets infrastructure
CME sees progress in cloud migration, gains in market data revenue
Two agricultural products will be the first to move to cloud this year. The exchange group is also testing tokenization with banks and clearing members.
Euronext eyes bigger audience with new market datafeed
The European exchange is debuting a new cloud-based offering aimed at banks and mid-size asset managers that don’t need low-latency data.
NYSE files with SEC to join DTC’s tokenization pilot
Proposal mirrors one filed by Nasdaq last fall to allow investors to choose whether a security is cleared and settled in tokenized form.
The race to ‘financialize’ GPU compute set to ratchet up
The Waters Wrap: Anthony looks at two companies aiming to bring efficiency and transparency to the GPU compute market.
Model risk in the age of generative AI
Banks are racing to understand the risks posed by a new breed of multi-purpose bots.
How banks are utilizing new AI forms in their KYC process
Execs from JP Morgan, ING, and Standard Chartered explain how they are looking to use agentic AI to streamline KYC workflows.
TNS integrates Radianz, Exegy reduces latency, BondXN allies with BlackRock, and more
A recap of this week’s major tech and data news in the capital markets.
