Functional High Performance Financial IT: the HIPERFIT Research Center in Copenhagen

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

The world of finance faces the computational performance challenge of massively expanding data volumes, extreme response time requirements, and compute-intensive complex (risk) analyses. Simultaneously, new international regulatory rules require considerably more transparency and external auditability of financial institutions, including their software systems. To top it off, increased product variety and customisation necessitates shorter software development cycles and higher development productivity. In this paper, we report about HIPERFIT, a recently etablished strategic research center at the University of Copenhagen that attacks this triple challenge of increased performance, transparency and productivity in the financial sector by a novel integration of financial mathematics, domain-specific language technology, parallel functional programming, and emerging massively parallel hardware.
HIPERFIT seeks to contribute to effective high-performance modelling by domain specialists, and to functional programming on highly parallel computer architectures in particular, by pursuing a research trajectory informed by the application domain of finance, but without limiting its research scope, generality, or applicablity, to finance. Research in HIPERFIT draws on and aims at producing new research in its different scientific fields, and it fosters synergies between them to deliver showcases of modern language technology and advanced functional methods with the potential for disruptive impact on an area of increasing societal importance.
Original languageEnglish
Title of host publicationTrends in Functional Programming : 12th International Symposium, TFP 2011, Madrid, Spain, May 16-18, 2011, Revised Selected Papers
EditorsRicardo Peña, Rex Page
Number of pages16
PublisherSpringer
Publication date2012
Pages98-113
ISBN (Print)978-3-642-32036-1
ISBN (Electronic)978-3-642-32037-8
DOIs
Publication statusPublished - 2012
Event12th International Symposium on Trends in Functional Programming - Madrid, Spain
Duration: 16 May 201118 May 2011
Conference number: 12

Conference

Conference12th International Symposium on Trends in Functional Programming
Nummer12
LandSpain
ByMadrid
Periode16/05/201118/05/2011
SeriesLecture notes in computer science
Volume7193
ISSN0302-9743

ID: 35244326