Authors: Sebastian Ferrando and Jihong Cai, Ryerson University.

This technical report describes the associated C++ library {\it localMC: A C++ Implementation of localized Monte Carlo on trees}. This library implements some of the algorithms described in the reference {\it Localized Monte Carlo algorithm to compute prices of path dependent options on trees}. The goal of the project was mainly to develop the functionality needed to obtain the numerical output required in that paper.