Mission
Thetaris is dedicated to establishing Computer Aided Finance as a new paradigm in financial engineering. This new approach improves the way financial engineers work, introducing tools for intuitive model design, powerful analysis and automated production. This results in increased efficiency and transparency across the entire development process.
Who are we?
Thetaris provides solutions to cope with the growing complexity of financial products and investment decisions. Combining state-of-the-art financial mathematics with modern informatics, we serve the community by providing tools to enable Computer Aided Finance.
What is Computer Aided Finance?
To understand Computer Aided Finance (CAF), it is best to look at the history of traditional engineering. Back in the days when manual blueprints dominated the development process, the ever-increasing complexity of models and numerical methods required a new approach to keep processes efficient.
With the aid of computers, this goal was achieved with the advent of three new technologies: CAD, CAE and CAM.
The financial industry today faces similar problems with the growing complexity of financial products. CAF adapts the advances made in traditional engineering to the finance domain, keeping productivity up and time-to-market down.
Computer Aided Design (CAD): The domain-specific modelling language ThetaML allows the intuitive design of a financial product or a complex strategy in a concise manner. ThetaML requires only basic programming skills and simplifies the interpretation and communication of models.
Computer Aided Engineering (CAE): The all-in-one modelling tool Theta Suite supports the easy creation and powerful analysis of ThetaML financial models. The development process is characterized by the separation of product structure and stochastic model, greatly improving maintainability and transparency. Interactive numerical analysis allows for efficient prototyping and testing, which results in high model quality.
Computer Aided Manufacturing (CAM): The Theta Suite automatically generates efficient code for evaluating models written in ThetaML. Flowcharts representing a model graphically can also be generated automatically. Theta Suite comes with a rich set of ready to use components, ranging from common stochastic models for market parameters to standard financial products. The creation of new financial products is quicker and easier than ever before.