There are questions that should
- be answered categorically
- be answered with an analytic answer, defining or redefining terms
- be answered with a counter question
- be put aside
I apply ...
Q: Does the Finite Element Method in quant finance really matter?
- You are most probably asking about financial instruments that's behavior can be modeled by PDEs. FEM has helped to solve many complex problems in engineering and physics. It is also a perfect algorithmic representation of the convection-reaction-diffusion equations arising in the modeling of financial instruments. We have described the principles of the method and its advances here.
- Did you have the chance to compare the representation of a short rate model, like the Hull-White model, by modified FEM with that by trinomial trees? To tree or not to tree?
Q: Should a quant buy UnRisk?
- You are probably asking for a platform that supports you with structuring and testing new deal types, do model validation and more comprehensive what-if analysis and stress tests, utilize a VaR Universe ... instead of struggling with solvers inverse problems of calibration.... You want to program in a declarative, financial language, utilize a numerically optimized parallel engine and visualize results dynamically with a source code so little that it could be used on a smart phone - it is UnRisk-Q
- Do you want to implement a system swiftly that could compete our risk management factory?
- **presents price scheme**
We love to sell and we love to explain what is behind - and answer any question.