A Python company just outside the city, whose name escapes me right now, was doing very well with a web based excel.
Most/many hedge funds manage billions of dollars on the back of very complicated excel spreadsheets, mostly because
the "talent" understand excel and can bend it to their needs.
But auditing these things is an utter nightmare, which version was used to lose a million here or a million there. Is it still on bobs laptop? How can I reuse code?
By providing a excel like front end and a centralised, versionable, auditable back end, they got a lot of interest going.
The space is still very wide afaik, but I have been out of the City for some years now.
(In fact you could take a similar approach to any CFO's office)
Jane Street is very unusual in having such an advanced technology management set up (IIRR OCaml, directors review the code before production etc etc)
Most/many hedge funds manage billions of dollars on the back of very complicated excel spreadsheets, mostly because the "talent" understand excel and can bend it to their needs.
But auditing these things is an utter nightmare, which version was used to lose a million here or a million there. Is it still on bobs laptop? How can I reuse code?
By providing a excel like front end and a centralised, versionable, auditable back end, they got a lot of interest going.
The space is still very wide afaik, but I have been out of the City for some years now.
(In fact you could take a similar approach to any CFO's office)
Jane Street is very unusual in having such an advanced technology management set up (IIRR OCaml, directors review the code before production etc etc)