SCIENCE

NATICK, MA -- The MathWorks, Inc., a leading developer and supplier of technical computing software for engineers and scientists, today announced it has extended its partnership with the Cornell Theory Center (CTC), a high-performance computing and interdisciplinary research institution, by equipping the Center's entire Manhattan training facility with MATLAB(R). The CTC, which has offices both in Ithaca and Manhattan, will leverage MATLAB's robust functionality to create traditional and cutting-edge financial decision-making models for Wall Street's business and financial community. MATLAB provides the CTC with a fully integrated computing environment for financial analysis and engineering. Using the software's range of tools, including the Financial and Optimization toolboxes, users can easily perform, analyze and display mathematical, statistical and financial data. "The MathWorks tools complement our vision to help financial professionals solve their challenges in building financial applications and models," said Thomas Coleman, director of the Cornell Theory Center and leader of the Computational Finance Group, headquartered at CTC-Manhattan. "The combination of our industry expertise and MATLAB's powerful computational and visualization tools provides financial institutions with unparalleled solutions, giving our customers a distinct competitive advantage in developing financial algorithms." "MATLAB is the ideal programming environment for the financial industry with its advanced functionality for handling and manipulating large financial data sets," said Robert Quinn, marketing manager at The MathWorks. "More and more financial organizations are using MATLAB as their primary financial modeling tool. The MathWorks is proud to be working with the Cornell Theory Center to help it address the challenges of financial researchers and engineers." Located near Wall Street, CTC-Manhattan addresses the challenges faced by financial services companies in risk management, financial engineering, business intelligence, and e-commerce. The Center also focuses on offering a variety of Windows-based high-performance cluster computing solutions. Scientific and engineering research projects supported by the CTC represent a variety of disciplines, including biology, behavioral and social sciences, computer science, engineering, geosciences, mathematics, physical sciences, and business. For more information visit http://www.tc.cornell.edu/