Paul Krill
Editor at Large

ActiveState bolsters Python with financial and scientific capabilities

news
Jun 25, 20102 mins

Open source packages feature libraries and tools, and is available for Windows, Linux, and Mac OS X

ActiveState this week added open source packages for financial and scientific computing to its ActivePython distribution of the Python programming language.

The move is being made as a result of growing demand for Python in heavy data-centric scientific computing and financial modeling applications, the company said. The packages are being offered partially in response to proposed rules about asset-backed securities from the U.S. Securities and Exchange Commission.

“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,” said Diane Mueller, director of enterprise product management at ActiveState, in a statement released by the company. “ActiveState offers the most robust Python distribution and service levels agreements for companies demanding efficiencies and high performance required in today’s increasingly complex computing environments.”

The three packages include:

  • NumPy, providing a library for financial and scientific computing with Python and featuring an N-dimensional array object, advanced array slicing methods, array reshaping methods, and other capabilities
  • SciPy, a suite for scientific tools for Python that is dependent on the NumPy library
  • matplotlib, a Python numerical plotting library offering 2D numerical plotting functionality

Developers, traders, quantitative analysts, scientists, and engineers can use the packages to build data-intensive mathematical computing applications for financial modeling and scientific analysis of complex data, ActivePython said.

The three packages are available for Windows, Linux, and Mac OS X in the business, enterprise, and OEM editions of ActivePython 2.6 and 2.7.

This article, “ActiveState bolsters Python with financial and scientific capabilities,” was originally published at InfoWorld.com. Follow the latest developments in business technology news and get a digest of the key stories each day in the InfoWorld Daily newsletter and on your mobile device at infoworldmobile.com.

Paul Krill

Paul Krill is editor at large at InfoWorld. Paul has been covering computer technology as a news and feature reporter for more than 35 years, including 30 years at InfoWorld. He has specialized in coverage of software development tools and technologies since the 1990s, and he continues to lead InfoWorld’s news coverage of software development platforms including Java and .NET and programming languages including JavaScript, TypeScript, PHP, Python, Ruby, Rust, and Go. Long trusted as a reporter who prioritizes accuracy, integrity, and the best interests of readers, Paul is sought out by technology companies and industry organizations who want to reach InfoWorld’s audience of software developers and other information technology professionals. Paul has won a “Best Technology News Coverage” award from IDG.

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