Functional Programming in Financial Markets A Practical Guide to Solving Analytical Problems [using Scala programming… (Paramjit Parmar) (z-library.sk, 1lib.sk, z-lib.sk)

Author： Paramjit Parmar

[M]any 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. 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. [...] 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. - 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 solutions [This book is for] Aspiring 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.