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The new face of open source on Wall Street

May 20, 2009, 22:32 (1 Talkback[s])
(Other stories by Matt Asay)

"I've seen this in my own business: open-source applications are suddenly the less risky choice, given the need to get more for less.

"But the more dramatic shift for Wall Street right now is that it is considering open-source alternatives for fundamental, industry-specific applications, applications like Marketcetera's open-source trading platform, which I've called "a lifeline to the hedge fund industry" because it enables the industry to become more efficient and more productive. REvolution Computing, Esper, and others are also benefiting from this shift."

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