The Oxford Financial Research Centre has signed up the Numerical Algorithms Group (NAG) to give its staff 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 Saïd Business School. The NAG software will be also be used in Oxford’s MSc courses in Mathematical Finance, Mathematical and Computational Finance and Financial Economics.
Professor Mike Giles, Mathematical Institute, University of Oxford, said: ‘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.’