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Open Source Gets Into Wall St. Back Office

Oct 22, 2008, 16:31 (0 Talkback[s])
(Other stories by Sean Michael Kerner)

[ Thanks to smk for this link. ]

"The Marketcetera platform is licensed under the GPL open source license, which some in the technology market have seen as an element of risk. Miller admitted that there is an education gap that needs to filled when it comes to open source and the GPL in the financial markets. It is a gap that is getting to be less of an issue as open source become more tightly ingrained in the core of the US financial system.

"Miller explained that Marketcetera was designed such that a hedge fund could use the technology and not be required to open source all of their secret trading algorithms. "

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