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Changes for QuantLib 1.16:

QuantLib 1.16 includes 34 pull requests from several contributors.

The most notable changes are included below. A detailed list of changes is available in ChangeLog.txt and at https://github.com/lballabio/QuantLib/milestone/12?closed=1.

Portability

  • Added support for Visual Studio 2019 (thanks to Paul Giltinan).

Configuration

  • As announced in past release, the compile-time switch to force non-negative rates was removed.

Pricing engines

  • Added constant elasticity of variance (CEV) pricing engines for vanilla options. Analytic, FD and SABR engines are available (thanks to Klaus Spanderen).

  • Added quanto pricing functionality to a couple of FD engines for DividendVanillaOption (thanks to Klaus Spanderen).

Cash flows

  • Digital coupons can now optionally return the value of the naked option (thanks to Peter Caspers).

Date/time

  • Updated Taiwan holidays for 2019 (thanks to Hank Liu).

  • Added two newly announced holidays to Chinese calendar (thanks to Cheng Li).

  • Updated Japan calendar (thanks to Eisuke Tani).

  • Fixed New Year's day adjustment for Canadian calendar (thanks to Roy Zywina).

  • Added a couple of exceptions for UK bank holidays (thanks to GitHub user Vililikku for the heads-up).

  • Added French calendar (thanks to GitHub user NJeanray).

  • Added public methods to expose a calendar's added and removed holidays (thanks to Francois Botha).

  • Allow the stub date of a schedule to equal the maturity.

Deprecated features

  • Deprecated a constructor of the SwaptionVolatilityMatrix class that didn't take a calendar.

  • Removed typedefs GammaDistribution, ChiSquareDistribution, NonCentralChiSquareDistribution and InverseNonCentralChiSquareDistribution, deprecated in version 1.12. Use CumulativeGammaDistribution, CumulativeChiSquareDistribution, NonCentralCumulativeChiSquareDistribution and InverseNonCentralCumulativeChiSquareDistribution instead.

  • Removed Actual365NoLeap class, deprecated in version 1.11. It was folded into Actual365Fixed.

Term structures

  • Take payment days into account when calculating the nodes of a bootstrapped curve based on overnight swaps.