Traders and Financial Insititutions Should Wake Up to FOSSJan 23, 2009, 07:32 (0 Talkback[s])
(Other stories by Sam Dean)
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[ Thanks to sakshi garg for this link. ]
"That last fact I know from experience with traders. A few years back, I covered trading software for various technology publications, and I got to know quite a few traders. In many cases, the advantage they command in the financial markets comes from their trading systems, and all they need from software infrastructure is a reliable platform for trade execution, record keeping, and the like. It is not uncommon for large-scale traders to spend millions of dollars on custom software from specialist developers to meet these needs.
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