Simulating an Object-Oriented Financial System in a Functional Language

TL;DR

This paper demonstrates how functional programming can be effectively used to simulate and analyze an object-oriented financial system in a real-world commercial setting, aiding design and decision-making.

Contribution

It presents a practical case study of applying functional programming techniques to simulate complex financial systems in a large-scale industry project.

Findings

Functional programming successfully modeled an object-oriented financial system.

The approach facilitated analysis and design in a commercial environment.

The case study highlights practical benefits and challenges of the method.

Abstract

This paper summarises a successful application of functional programming within a commercial environment. We report on experience at Accenture's Financial Services Solution Centre in London with simulating an object-oriented financial system in order to assist analysis and design. The work was part of a large IT project for an international investment bank and provides a pragmatic case study.