Re: [Quantlib-dev] What is QuantLib/ql/MarketModels - LMM?

Posted by Ferdinando M. Ametrano-3 on
URL: http://quantlib.414.s1.nabble.com/What-is-QuantLib-ql-MarketModels-LMM-tp4897p4907.html

Hi all

On 7/7/06, Klaus Spanderen <[hidden email]> wrote:
> What I personally find even more interestingly is that the new framework does
> currently not use more important design issues of QL like stochastic
> processes, the existing MonteCarlo & Pricing Engine approach or the given
> instrument definitions. Nando, is it planed to "see" more fundamental changes
> in the quantlib soon? (or will the MarketModels stuff be integrated in the
> existing MonteCarlo framework, which is very much equity driven).

The new approach is actually separated from the current QuantLib
framework, in order to allow for maximum efficiency and design
flexibilty. Later it will be "merged" into the higher-level QuantLib
framework: this merge might or might not lead to QuantLib refactoring.

ciao -- Nando