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Here is a case study of how Microsoft F# speeds up development time for quant financial firm. Good bye scripting languages like Python, R, etc?

(Last Updated On: October 28, 2010)

Here is a case study of how Microsoft F# speeds up development time for quant financial firm. Good bye scripting languages like Python, R, etc?

Banking Firm Uses Functional Language to Speed Development by 50 Percent

A large financial services firm in Europe sought new development tools that could cut costs, boost productivity, and improve the quality of its mathematical models. To address its needs, the bank deployed Microsoft F#, the Microsoft .NET Framework, and Microsoft Visual Studio. It will soon upgrade to Visual Studio 2010 and the integrated Microsoft Visual F#. With its new tools, the bank can speed development by 50 percent or more, improve quality, and reduce costs.

http://blogs.msdn.com/b/dsyme/archive/2010/06/28/f-case-study-banking-firm-uses-functional-language-to-speed-development.aspx

World renowned quant recruiter says:

F# is actually in quite a number of firms, and has now made it from a modelling / prototyping language to full deployment.

There is now enough F# work, that there are now jobs on the market using it.

The anonymity thing is funny in it’s own way. I recall talking to an MS manager in the 1990s who was fighting the battle to get a bank to admit they were using Windows.

F# is never going to have as many developers as Java/VB/C# but that’s not really the point, it allows you to express yourself more clearly for many types of math problem, and the productivity is thus rather good.

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