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.
