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What’s the quickest way to try ORE?

See “How can I get Open Risk Engine”. The easiest way is trying the binaries/executables delivered with the release archives, if you are a Windows user. Follow the instructions in

Where can I get Open Source Risk Engine (ORE)?

Open Source Risk Engine (ORE) is available on github at https://github.com/OpenSourceRisk/Engine where you can either download a release archive as zip or tar.gz, or clone the source code repository with git clone

How is the quality of the release assured?

Clean design, avoiding duplication, a comprehensive test suite, variety of example and demo cases are measures to continuously assure the quality of release. Peer review of the first release will

Can ORE be setup, adapted for specific needs and integrated to the IT landscape by an experienced quant/IT professional, or would I need to hire Quaternion to do that?

We are convinced that ORE can be adapted and integrated by experienced professionals. Of course, Quaternion can assist and are able to accelerate implementation and adaptation timelines.

What if an example won’t run?

Make sure “ore_examples_helper.py” in the Examples folder is referring to the right locations for ore.exe. This can be achieved by moving the executable into the “bin” directory as explained in

Why should I use ORE instead of (or what is the difference to) other open source Risk Engines (e.g. : http://www.openriskcalculator.com/).

ORE is unique in that that it is based on the wealth of methods provided by QuantLib, a peer reviewed pricing library that has evolved over 15 years. We try

In a nutshell, what are OREs main functionalities?

ORE is an application that provides a Monte Carlo simulation framework for contemporary risk analytics and value adjustments, simple interfaces (for trade data, market data and system configuration), simple launchers

Will it accept standard FpML for my trades?

Not out of the box. However, ORE comes with its own XML trade data loader that directly maps to ORE’s internal representation of supported  product types (see user guide). To

What about market data?

ORE can ‘absorb’ most of the market data relevant for pricing IR/FX products and more, in anticipation of subsequent releases. For example, market data comprises yield curve data (Deposits, FRAs,

Is there a roadmap for further development of ORE?

Yes there is, you can find it on opensourcerisk.org. The roadmap outlines a future direction for ORE. Quaternion remains committed to showcasing the releases and sponsoring ORE’s developments. However, the


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