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Vendor Touts Open-Source Trading Platform

Apr 03, 2012, 15:03 (0 Talkback[s])
(Other stories by James Armstrong)

Traders Magazine: "Dubbed OpenGamma Platform 1.0, the open-source software gives users the ability to customize and integrate the platform into existing legacy systems."

"Kirk Wylie, founder and chief executive officer of OpenGamma, called the platform the plumbing that connects a trading firm?s proprietary systems with the low-level infrastructure and data feeds they work with on a daily basis.

"'The systems that the legacy vendors have put out there have not really been tailored to the kind of customizable environment that end users really want,' Wylie said. 'We understand their exact requirements, the needs of the traders, and we can make pro-active recommendations on exactly how to maximize the use of the system.'

"Wylie said part of being an open-source vendor is accepting that traditional notions of intellectual property no longer apply. With an open-source business model, he said the burden is on the vendor to prove its ongoing value to customers."

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