An Excel add-in that provides functions from the finmath lib, an open-source Java library for mathematical finance, enabling quantitative finance calculations in Excel.
finmath lib
- Excel
- Data Analytics, Finance, Mathematics, Simulation
- Financial, Machine Learning, Open Source, Risk Management, Simulation, Software, Statistical Analysis
Features:
- Mathematical finance functions, interest rate models, derivative pricing (e.g., options, swaps), Monte Carlo simulation for finance, stochastic calculus tools, term structure models, risk management calculations
Pricing:
- Free
- Free and open-source, brings sophisticated quantitative finance models into Excel, useful for financial engineering and risk management, based on a well-documented Java library.
- Requires Java and potentially some setup to link with Excel, using the functions might require understanding of quantitative finance and the finmath lib API, less user-friendly than commercial financial add-ins for non-programmers.
Best for:
- Quantitative analysts, financial engineers, and students in mathematical finance who want to perform advanced financial calculations and modeling in Excel using functions from the finmath Java library.