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- 380 Rector Place, Suite 4A, New York, New York 10280
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Overview
Inductive Solutions, Inc. provides consulting services, training, and tools for quantitative risk management and mathematical modeling. Located in downtown New York City, Inductive Solutions was founded by Roy S. Freedman.New Book: An Introduction to Financial Technology
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Publisher: Academic Press/Elsevier (April, 2006) Hardcover (368 pages); ISBN: 0123704782 More information from the publisher (book website)
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From the Reviews
"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."— Richard Norgate (Financial Risk Management Team, Barclays Group Risk), from The Top Ten Technical Books of 2006, Financial Engineering News , September/October 2006
"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....
— Alan Cane, "Will IT make - or break - the bank?"
Financial Times, May 10, 2006
“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.”
— Raymond Nolting, Executive Project Manager/Senior Business Analyst,
B-Trade Services L.L.C./Division of the Bank of New York
"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."
— Ben Van Vliet, Associate Director,M.S. Financial Markets, Center for Financial Markets,
Illinois Institute of Technology
(c) 2006 Inductive Solutions, Inc. All
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