Imported from previous forum
By siliconindia news bureau
Friday,28 August 2009, 00:16 hrs
Bangalore: Economic slowdown had a huge impact on the financial institutions around the world. Recession has forced these financial institutions to take a look at their budget as well as the technology that they are using. In times like this open source technology is growing in the capital markets because of increased cost pressures. Many Wall Street companies are now adopting open source even though there are many who still believe that any software that they develop is proprietary and has a competitive edge.
Read full article at
Oh come on! They have been using open source stuff long before the recession. Jane Street has even published their OCaml framework. Many companies are using C++ and it would be just stupid not to reuse Boost C++ Libraries, for example. But don’t be too naive, they will never let their trading algorithms go public. Remember the story about the Russian ex-employee of Goldman who had stolen their source code? There you go.
Has the Russian ex-employee of Goldman who had stolen their source code open sourced it ? I would like to download the open sourced code.
Oh come on! They have been using open source stuff long before the
recession. Jane Street has even published their OCaml framework. Many
companies are using C++ and it would be just stupid not to reuse Boost
C++ Libraries, for example. But don’t be too naive, they will never let
their trading algorithms go public. Remember the story about the Russian
ex-employee of Goldman who had stolen their source code? There you go.