23 lines
1.2 KiB
Plaintext
23 lines
1.2 KiB
Plaintext
The QuantLib project is aimed to provide a comprehensive software framework
|
|
for quantitative finance. The goal is to provide a standard free/open source
|
|
library to quantitative analysts and developers for modeling, trading, and
|
|
risk management in real-life.
|
|
|
|
QuantLib plans to offer tools that are useful for both practical
|
|
implementation, with features such as market conventions, solvers, PDEs,
|
|
etc., and advanced modeling, e.g., exotic options and interest rate models.
|
|
|
|
QuantLib is meant to be used by academics and practitioners alike, eventually
|
|
promoting a stronger interaction between the two.
|
|
|
|
Finance is one area where well-written open-source projects could make a
|
|
tremendous difference. Almost every financial institution needs a solid,
|
|
time-effective, operative implementation of leading-edge pricing models and
|
|
hedging tools. However, to get there, currently one is forced to re-invent
|
|
the wheel every time. Even decade-old models with no market value, such as
|
|
Black-Scholes formula (1973), still lack a standard implementation. As a
|
|
consequences many good quants are wasting their time writing C++ classes
|
|
which have been already written thousands of times.
|
|
|
|
WWW: http://www.quantlib.org/
|