Matlab For Finance

Matlab is a fourth generation programming language, which is developed by The MathWorks. It provides a numerical computing environment. Matlab performs a variety of mathematical functions like creation of user interfaces, plotting of data and functions, implementing the data etc. It is used by millions of people worldwide and almost every industry is relying on its use to perform mathematical problems.Matlab is a platform where the user can easily perform all his mathematical exercises. Matlab was developed in 1970′s by Cleve Moler, who was a professor in University of New Mexico. Over the years, Matlab has undergone many changes and modifications in order to improve it further.Matlab is nowadays more preferred in finance niche as it is highly accurate and reliable. In order to use Matlab or the Matrix Laboratory, you have to first learn the language of Matlab or the M-Code. Matlab is primarily used with multi-dimensional arrays, 2D Matrices and 1D vector. It can also call libraries, which are written in ActiveX or in Java. Matlab enables the users to solve the mathematical languages more easily and quickly than as compared to other programming languages like C or Fortran and thus it is more apt for use in finance, in which both speed and reliability is required.Initially, Matlab was only restricted to a few design control engineers, however, because of its high utility it soon spread to the other domains in the industry. Today, Matlab is not only used in industry but it has also found use in colleges, universities, military, stock exchange etc.Matlab has proved to be a boon for finance. No one can deny the importance of Matlab in the field of finance. Human beings are not capable of solving exhaustive mathematical problems that too, with a high degree of precision.You are kindly invited to visit my collection of matlab file exchange usage, especially about derivative pricing and quantitative trading.