Acadia, an industry provider for integrated risk management services for the derivatives community, has launched the seventh release of the Open Source Risk Engine (ORE), a peer-reviewed, free-to-access framework for pricing and risk analysis.
ORE is an Open Source Software project, designed for contemporary pricing and risk analytics of traded financial products. Since its release in 2016, ORE has formed the foundation of Acadia’s risk services including the award-winning risk sensitivity calculator, Initial Margin Risk Generator (IMRG).
This seventh release is the beginning of a financial instrument rollout that will follow in quarterly steps, across all risk classes covered by the service – Commodity derivatives, Credit derivatives, Interest Rate and Bond derivatives, as well as complex hybrid products represented using scripted payoffs.
