Hi All,
My response to Joes mail on why some banks may want to use Quantlib.
Some banks may use Quantlib as an Independent Valuation tool. Even
though some banks have their own proprietary systems they need to check their
numbers against other recognised systems out there. Other small banks or
hedge funds especially start ups who dont have the infrastructure may also use
Quantlib.
A couple of months ago one interviewer did mention that he did use QuantLib
often to check some numbers and also the other good thing about Quantlib as its
Open Source, bugs are likely to be spotted and fixed quickly.
Regards
Theo
Locked
