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24 June 2010, 14:58

ActiveState release SEC compliant Python modules

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Dynamic language expert ActiveState has released ActivePython modules specifically for the financial markets that are designed to comply with the proposed new rulesPDF from the US Securities and Exchange Commission (SEC) covering asset-backed securities. The SEC proposal includes the recommendation that certain regulation-required submissions to the authority be written in Python. This is an attempt to bypass the problem that until now such submissions have been written in 'legal' English, a form that is not easily parsed by either computers or most people.

These new packages for data centric scientific computing and financial modelling applications comprise -

  • NumPy: The fundamental library needed for scientific and financial computing with Python
  • SciPy: A suite of scientific tools for Python, depends on the NumPy library
  • Matplotlib: A Python numerical plotting library

In their press release about the new modules ActiveState say that, with these additions, ActivePython now includes the fundamental packages in a fully supported Python distribution that enables developers, traders, quantitative analysts (quants), scientist and engineers to build the data intensive complex mathematical computing applications required for financial modelling and scientific analysis of complex data.

Diane Mueller, Director, Enterprise Product Management at ActiveState, said -

“Python’s extensibility and interoperability with other programming languages and numerical libraries makes it an increasingly popular choice, in both the financial and scientific computing communities. ActiveState offers the most robust Python distribution and service levels agreements for companies demanding the efficiencies and high performance required in today’s increasingly complex computing environments.”

ActiveState specialise in enabling companies to apply dynamic languages. Their products and services for Perl, Python, Tcl and other web related languages are used by over 2 million developers. ActivePython is a CPython distribution for the Windows, Mac OS X, Linux, Solaris, AIX and HP-UX platforms.

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