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Re:Caml Trading – Experiences with OCaml on Wall Street [video] by kvb on Thursday September 11, 2014 @10:11AM (#8302653)
This is roughly correct, but see Andreas Rossberg's caveats here[1] for some considerations that may be important depending on what you're trying to do.

[1] http://stackoverflow.com/a/23019436/82959

Re:Caml Trading – Experiences with OCaml on Wall Street [video] by jordwalke on Thursday September 11, 2014 @03:15PM (#8304552)
Great point. And many of these distinguishing features mentioned in that post are the ones that I used in order to accomplish some very powerful abstractions that I couldn't have done in any other language that I've tried. (Functors operating on types and values).