Reposted from: http://juliacomputing.com/blog/2017/02/08/wilmott.html
In the November 2016 issue of Wilmott
Magazine, Julia Computing’s Viral
Shah and Simon Byrne explain why Julia is taking the field of
quantitative finance by storm.
Why are so many quants from investment banking,
insurance,
asset
management,
fund
management,
foreign exchange
analytics,
commodity trading, energy trading, central
banking and risk
analysis switching to Julia?
Finance quants find Julia the optimal finance solution for a number of
reasons:

Julia is the fastest modern language for financial, mathematical,
statistical and scientific computing 
Julia delivers lightning fast speed – speed improvements up to 11x
for macroeconomic
modeling, 225x
for parallel
supercomputing
and 1,000x for insurance risk model
estimation 
Julia is the only modern financial, mathematical, statistical or
scientific language that can handle massive datasets updated in real
time, such as financial tick data 
Julia runs on your desktop, laptop, enterprise server, private or
public cloud 
Julia is optimized for supercomputers with
accelerators and
parallel
computing 
JuliaFin is fully integrated with Excel and Bloomberg

JuliaFin includes Miletus, a custom finance package to design and
execute realtime trading strategies 
Julia is easy to learn with flexible syntax that is familiar to
users of Python, R and Matlab 
Julia integrates well with existing code and platforms

Julia code is elegant – advanced libraries make coding simple and
reduce the number of lines of code – in some cases, by 90% or more –
resulting in a solution that is faster, easier to code, analyze and
debug 
Julia solves the two language problem – because Julia combines the
ease of use and familiar syntax of Python, R, Matlab, or Stata with
the speed of C, C++ or Java, programmers no longer need to estimate
models in one language and reproduce them in a faster
production language. With Julia, these steps can be performed in a
single highlevel, highcapacity, highspeed environment.
No wonder users such as
BlackRock, the
Federal Reserve Bank of New
York, Nobel
Laureate Thomas J.
Sargent,
and the world’s largest investment banks,
insurers,
risk managers, fund
managers, asset
managers, foreign exchange
analysts, energy
traders, commodity traders and others are switching to Julia.