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