Roy S. Freedman, provides consulting services, training, litigation support, and software for risk management and mathematical modeling.
Licenses for Student Versions of RunRandom (quasi-random vectors for Quasi-Monte Carlo simulation); GenSheet (genetic algorithms for optimization); and Induce-It (case based reasoning for expert systems: Who uses Induce-It? ).
Inductive Solutions specializes in financial systems of systems: trading and order management systems; clearing and settlement systems; regulatory systems; and compliance systems. Read about these systems of systems in the book:
From the Media"Financiers have been investing in faster technology for centuries to get the edge on competitors. Consultant Roy S. Freedman, in Introduction to Financial Technology, describes some of the biggest breakthroughs."
— Daniel Fisher From Wall Street's Speed War by Christopher Steiner, Forbes, September 27, 2010.
"Financial technology, observes Roy Freedman of New York’s Polytechnic
University in a book just published*, shares many characteristics with military
technology. Both demand tactics and strategy, both can be used offensively and
defensively and both employ codes and encryption to guard their secrets.
Prof Freedman, whose book wittily combines fiscal history with heavy-duty
financial arithmetic agrees, however, that a marketplace is not a battlefield
even if they share a common argot....
“Approaching a new highly abstract and complex technical subject, especially as a student, has much in common with the mountaineer's approach to a mountain: both present a daunting challenge to be overcome at high cost of effort— we fear for our very survival.
In An Introduction to Financial Technology, Roy Freedman proves himself a steadfast and expert guide right from the beginning of the journey. Like a trusty Sherpa, he does all the heavy lifting for us even in the ever-thinning air of our journey up the steep Himalayan slopes of the financial and technological abstractions of the modern discipline that is financial technology. All in all, I found Freedman's treatment of the financial application of computer algorithms and financial technology quite thorough and highly informative and well written.”
"One would not expect a book on financial technology to be
so...well...gripping. Freedman provides an interesting survey of the
history of financial technology as well as the technological tools used
today. This book is a must read for any true student of the market,
especially as high technology becomes evermore pervasive in the analysis and
operation of financial markets."
"The second book in the Technical Top Ten this year is Introduction to Financial Technology
by Roy S. Freedman, published by Academic Press, as part of the Complete Technology
Guides for Financial Services Series. As financial engineers, it is clear that technology
is a key part of our world, but it is surprising how few professionals really understand the
technology in which our models are implemented and how systems are joined together.
What the author of this book has done is to provide an overview of different technology in use
within the financial world and introduce a number of key concepts in use. While a number
of the sections in this book will be quite well-known to financial engineers ( e.g., introductions
to cashflows, databases or Laplace transforms), the book is good in that it assumes zero
knowledge, so somebody just starting in financial engineering can pick the book up and
get a good coverage of how banking technology works. As well as the technology, the
book also gives good coverage on code numbers and look-up tables, which would be
invaluable when writing code for picking up sets of brokers, securities, products or
market makers. As well as being a good introductory text for those just starting in
finance technology, the book serves as a good reference for practitioners who deal with
systems and data from time to time."
©2015 Inductive Solutions, Inc. All
©2015 Inductive Solutions, Inc. All rights reserved.