One of my favorite books is Statistical Computing with R by Maria L. Rizzo where she describes computational statsics as an area within statistics that uses computational, graphical and numerical approches to solve statistical problems. Computational statistics encompasses exploritory data analysis, Monte Carlo methods, and data partitioning.
In her book she says “The inceasing interest in massive and streaming data sets, and high dimensional data arising in applications of biology and engineering, for example, demand improved and new computational approaches for multivariate analysis and visualization.”
In my current company, my possition gives me the opportunity to analize a constant stream of manufacturing observations as they relate to several thousand engineering variables. This exciting opportunity will allow me to implement many of the same multivariate methods and design of experiments that can be applied to finance and quantitative trading.