My advance apologies, if this question is too naive or basic. Please be patient with my first experiences with SE; ask for clarification, if needed.
I recognize there are many (often-criticized) flavors in the univariate (and multivariate) GARCH methods. Univariate GARCH varies from standard GARCH to GJR, AP-GARCH, etc. Multivariate world offers natural generalization (hundreds of parameters to estimate) to GO-GARCH, DCC-GARCH, and alike simplifications.
Yet, I want to know what the industry actually uses for bond, stock, and derivative analysis.
It'd be great to see concrete references, personal employment experiences, and practical work examples that I can follow, instead of opinions and speculations.
UPDATE: I still monitor this post for answers...