Tag: mathematical finance

Option Engine: A Grid-Enabled Software Package to Evaluate Financial Options

Sep 17, 2009 |

In today’s complex financial markets and with the 2008 financial crisis ongoing, the market actors feel the need of high performance computing tools for a fast evaluation of financial products. Often in order to get quick evaluations of financial products, simplified models are used, which tend to produce inaccurate results. In order to efficiently evaluate financial products with state-of-the-art models, researchers have developed Option Engine.