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The software offers high performance numerical computing, such as this graph of Call Option Senstivity Measures Image courtesy MATLAB
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Sample cases
The software can be used in a number of places. A few examples include:
* Finance - Spyros Skouras of the Athens University of Business Economics and Business, is examining financial market data in extremely fine detail.
“To examine a market’s microstructure, we use data that are timestamped at the millisecond level and measure tens of variables for thousands of financial instruments,” says Skouras. “Such a fine-grain view can shed light on issues of relevance to academics as well as professional traders who can translate milliseconds into profits. But it also means we work with unusually large data sets that are not easily manageable.”
Skouras recently began using MATLAB on EGEE in his research, which he says is well suited to grid technology, because the same analysis is performed on data for each instrument. He believes many researchers working in finance, economics, econometrics, statistics and other fields may become users of EGEE if they become aware of how accessible the grid is, now that the interfacing can be done with MATLAB tools they are already familiar with.
* Making better lasers - Research fellow Pavlo Ivanov from the University of Bristol, is seeking to improve fiber-optic telecommunication networks by making better semiconductor lasers with the use of MATLAB on EGEE.
“Making a new laser is very expensive,” says Ivanov. “Improving design by trial and error would be a disaster. Laser researchers need to optimize their designs prior to fabrication and MATLAB can help me understand how the lasers are behaving.” Laser-created light is used to carry information on fiber-optic communication lines. If Ivanov can, as he hopes, build a high-power, single-mode laser, it could translate into better quality and longer distance telecommunications. Ivanov hopes to present his most recent findings at the upcoming EGEE’09 conference in Barcelona this September.
—Danielle Venton, EGEE
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