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The Mathematica kernel is uniquely suited as a computation server and control program inside batch-oriented, interactive, or web-based applications. Its rich, interactive programming language allows for rapid prototyping and its flexibility makes it easy to adapt to the environment in which it will be deployed. With the recent expansion of Mathematica's I/O capabilities and MathLink-based interfaces to backend databases and front ends, it is now possible to use Mathematica in many applications in place of more traditional, expensive solutions. Examples from the author’s work in finance give an idea of the possibilities. The first application is a batch-oriented program for term structure modeling. The second example shows the integration of the UnRisk pricing engine with the Database Access Kit and the Mathematica Link for Excel.
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