ActiveState's Diane Mueller and Trent Mick to Present at OSCON
by Sheila Louis

Sheila Louis, July 9, 2010

OSCON 2010 in Portland, OR, is coming up really fast--we're down to less than two weeks to go!

Diane and Trent are putting the finishing touches on their planned session:
Python & Finance: US Government Mandates, Financial Modeling, and Other Snakes in the Grass

You may recall a blog post that we had recently discussing the recent SEC proposal (PDF) for how to address the current lack of transparency of asset-backed securities through changing disclosure requirements to include the provision of a Python computer program.

The goal of the SEC proposal is to capture all the complicated terms of the deal in code that can be used to analyze the cash flows in each deal and how the returns will get split up between different parties. Currently, investors, fund managers, and investment managers receive a complex, textual description of this information in the prospectus, which makes it difficult for them to perform or visualize a rigorous quantitative or if-then analysis of the asset-backed securities.

This all begs the question “Why Python? Diane and Trent plan to address some of the aspects of Python that make it a good fit for the SEC’s proposal and some of the challenges and the implications of using Python for financial analysis. One of the answers is that it’s open source and while there are a number of proprietary financial modeling solutions and more than a few trade description languages in use on Wall Street – there is little use asking for openness and transparency from issuers if the interpreter for that code is proprietary in nature. That said, Python has other aspects that make it a good choice for these purposes and has been widely used on Wall Street and in the finance community for financial modeling and number crunching.

At the very least, it’s not enough to have open data, one has to have open tools to fulfill the transparency requirements to establish meaningful use of financial information. Buyers, Sellers and Regulators alike need an open technology means to accurately and efficiently interpret financial information.

This presentation will also discuss some opportunities for collaboration between regulators and the open source related to the development of an ecosystem of open source projects that can exploit the availability of this proposed new rich source of financial information.

Planning to attend OSCON and want to attend the session? Join Diane and Trent at 2:30PM on Thursday, July 22nd.  You can find out more and sign up here:

If you can't make it to our talk, swing by our booth (#423) and talk to any of us... Diane Mueller, Trent Mick, Jeff Hobbs, Bart Copeland and Sheila Rebellato will all be in attendance.  We'd love to hear what you think of the SEC proposal for Python, or hear about how you're using dynamic languages in your projects!

And don't forget, if you haven't already signed up for OSCON and you want to attend, be sure to use discount code os10s20d for 20% off!

We look forward to seeing you there.

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Category: events, open source, python
About the Author: RSS

Sheila Louis is Director of Marketing, Developer Tools at ActiveState Software. Her passion is communications within the high-tech field, and her background is in software development, customer service, tech support and marketing.


1 comments for ActiveState's Diane Mueller and Trent Mick to Present at OSCON

The language of choice must be similary to preudocdde.Python is the most near of this.Generalization: same idea for the laws. The trials and layers will be replaced by an program who compare the description of the case with the law database.... Joke or prediction? ....