Asymptotix' support for the language R (and S+ where I started and seems cool to mention alongside R these days, mystifyingly but probably the subject of another blog) is prima facie, just read our website. We have a particular pleasure in a good relationship with REvolution Analytics, with whom we have been beside since the start and who have driven the R standard with great success over the last couple of years. We have a strong partnership with TIBCO Spotfire and we understand S+.

Asymptotix is a member of the newly established Scottish Financial Risk Academy.

The Scottish Financial Risk Academy (SFRA) was established in April 2010 by a consortium of founder members led by the Maxwell Institute for Mathematical Sciences. It is funded by a grant of £335,000 from the Scottish Funding Council and contributions by founder members.

Revolution Analytics (formerly Revolution Computing), an Asymptotix partner, is the leading commercial provider of software & support for the popular open source R statistics language. Revolution R products help make predictive analytics accessible to every type of user & budget.

Executive Roadmap

Technology budgets among finance professionals are to increasingly focus on transformational initiatives over the next two years, a new survey has shown.

NEW YORK (USA) - June 23, 2010 - StreamBase Systems, the leader in high-performance Complex Event Processing (CEP) technology, announced today at the Securities Industry and Financial Markets Association (SIFMA) conference in New York, that it is collaborating with NVIDIA, inventor of the graphics processing unit (GPU), to offer the best-of-breed computing capability for capital markets. 

StreamBase Press Release

As Aldous Huxley commented; “Speed provides the one genuinely modern pleasure”. In a world where the speed of information increases exponentially approaching mere nanosecond lagging with cache memory processing and even faster data processing chips, the speed of important changes in data may be swamped and invisible within a morass of reports and systems where it becomes increasingly more difficult to identify the inconsequential from the vitally critical. This is the modern global market universe in which financial institutions exist.

Update: This material is copyright Theo Elzinga et al (co-author of the book "The CORA model"). Asymptotix recommends this model, any interested user should have a thorough look at http://www.coramodel.com/ !

A white paper from the Cloud Computing Use Case Discussion Group

http://opencloudmanifesto.org/cloud_computing_use_cases_whitepaper-3_0.pdf

interesting stuff here this week

First Just missed this: 

Pricing Partners reports HSBC mandate

Week in Review has some interesting ideas

For Financial Risk Management

Relevant to Solvency II requirements

here

http://www.asymptotix.eu/content/risk-management-differential-diagnosis 

This paper is an examination of the context and management of two types of Complex Data Set clients. Supervisors should have their own model of Transparency Requirements to have consistency and make all the banks use it.  Then everything would be comparable and Basel II Pillar 3 disclosures might actually tell us something about the quality of a bank's loan book.

In short this paper is calling for

SAP, the big German enterprise software company based in Walldorf, German says it is buying Dublin, Calif.-based database & enterprise software company, Sybase for $5.8 billion or roughly $65 a share, a 44 percent premium over three-month stock price of Sybase. According to the terms of the deal, Sybase is going to operate as a stand-alone company. SAP is funding the deal with cash-on hand and a 2.74 Billon Euro loan.

Asymptotix is today releasing a new paper:  Risk Management: A Differential Diagnosis.

SAP customers shouldn't rely on the vendor's NetWeaver technology stack for all of their middleware needs in the future, according to Forrester Research.

THE CHALLENGE FOR BANKING LINE MANAGEMENT 

In a recent blog post, which has been very popular I must say, I went off on one of my "wax lyrical" rants about the sorry predicament of line management in banking today. If I refer my own twitter feed I must be one of the few people worldwide to offer a scrap of sympathy to that beleaguered community but fear not chaps I am on your side (if you want!?). My blog post on banking line management is here;-

Market (Price) Risk - Abstracting the Liquidity Component

Léo Apotheker, SAP’s chief executive, resigned on Sunday night in a management reshuffle at the world’s largest business software maker.

The company said Mr Apotheker would be replaced with Bill McDermott, head of field organisation, and Jim Hagemann Snabe, head of product development, in a joint-CEO structure.

Today’s economic environment is driving many enterprise IT organizations to
consolidate, that is, to reduce the numbers of vendors of different technologies and to
reduce the resources used by those technologies within their data centers. Consolidation
means different things at different levels: it can be reducing the number of physical
servers to run a given workload; it can be combining multiple data stores into a single
larger storage facility; it can be the replacement of multiple applications of redundant

Germany’s SAP, the world’s largest maker of business software, offered a glimmer of hope that companies may again be investing in information technology when it said software sales last year were not as sluggish as expected.

The Walldorf-based group said sales of software and related services like subscriptions for web-based computer applications decreased only 5 per cent to €8.2bn in 2009, outperforming a drop of 6-8 per cent forecast in October.