Oxford Financial Research Centre utilises numerical libraries and toolboxes from NAG
February 2008. The Numerical Algorithms Group (NAG), provider of world class mathematical and statistical components, is delighted to announce a new partnership with the renowned Oxford Financial Research Centre (OFRC).
Professors, teachers, researchers and students working within the OFRC have access to NAG's numerical libraries and toolboxes, including the NAG Toolbox for MATLAB- a toolbox that provides MATLAB users with the full functionality of the NAG library, together with integrated documentation.
The OFRC brings together finance researchers throughout the University of Oxford, including members from the departments of Economics, Mathematics, Law, Physics, Computing and the Sa'd Business School. The NAG software will be also be used in Oxford's MSc courses in Mathematical Finance, Mathematical & Computational Finance and Financial Economics.
This partnership between NAG and OFRC reinforces NAG's long standing commitment to the worlds of academia and commercial finance by developing accurate and flexible, numerical code. NAG's existing numerical libraries are already embedded within applications used by some of the worlds most prestigious and prominent finance houses; the new NAG Toolbox for MATLAB, makes the use of NAG's components for finance even easier.
Professor Mike Giles, Mathematical Institute, University of Oxford, commented “NAG's high quality mathematical software libraries are a great help in rapidly developing financial applications. The new NAG Toolbox for MATLAB complements the libraries because MATLAB is used increasingly to prototype software before moving to C++ for production code. We're very keen to put both products in the hands of our students, as well as using them for our research.”
Contact details:Katie O’Hare
Marketing Communications Manager
The Numerical Algorithms Group (NAG) is dedicated to making world-class cross-platform mathematical, statistical, data mining components and tools for developers as well as 3D visualization application development environments. NAG serves it customers from offices in Oxford, Chicago and Tokyo supporting over 10,000 customer sites worldwide in finance, engineering, and scientific research. NAG software is the choice of over 25 independent software vendors including Oracle, IBM, DemandTec and many others.
The University of Oxford has one of the largest and most active group of academic researchers in finance in Europe. Its strength comes from combining academics in several different departments of the University. They bring different approaches and disciplines to the subject so that together they span a wealth of specialities in finance. The Oxford Financial Research Centre (OFRC) is the umbrella organization that brings together researchers in finance working across the University of Oxford. There are researchers in the Economics, Law, Maths and Physics departments and in the Sa'd Business School.
For more information visit http://www.finance.ox.ac.uk/