Opensourcerisk.org is Post Trade Solutions (formerly Acadia)’s Open Source contribution to the risk community and its stakeholders. Opensourcerisk.org is the first end-to-end open source risk application that will provide complex risk analytics for financial institutions through a series of releases

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Discover the Possibilities with ORE Academy

Discover the Possibilities with ORE Academy

View an extensive library of learning materials on YouTube covering all of the pricing and risk analysis possibilities within ORE so that you can take complete advantage of its capabilities.

View the ORE Academy YouTube Channel
Quantitative Derivatives Pricing and Risk Modeling Program

Quantitative Derivatives Pricing and Risk Modeling Program

Master key analytical and decision-making skills in just six months, and elevate your career

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Risk management is at a crossroads.

Risk management is at a crossroads.

Standard rules can reduce capital effectiveness, while ‘black box’ models generate concern. The increased volume and complexity of regulation is driving a need for global standardisation.

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Welcome to OpenSourceRisk

The Open Source Risk Engine’s objective is to provide a free/open source platform for risk analytics and XVA. It is based on QuantLib and grew from work developed by market professionals and academics.

The Open Source Risk project aims at establishing a transparent peer-reviewed framework for pricing and risk analysis that can serve as:

  • a benchmarking, validation, training, teaching reference
  • an extensible foundation for tailored risk solutions

Open Source Risk Engine (ORE) provides:

  • contemporary risk analytics and value adjustments (XVAs)
  • interfaces for trade/market data and system configuration (API and XML)
  • simple application launchers in Excel, LibreOffice, Python, Jupyter
  • various examples that demonstrate typical use cases
  • comprehensive test suites

ORE is based on QuantLib, the open source library for quantitative finance, and it extends QuantLib in terms of simulation models, financial instruments and pricing engines.

ORE is sponsored by Post Trade Solutions (formerly Acadia) as part of the firm’s commitment to transparency in pricing methods and risk analytics applied in the industry. ORE is free/open software, provided under the Modified BSD License, which permits using and modifying the code base as well as incorporating it into commercial applications.