Vendor Touts Open-Source Trading Platform
Apr 03, 2012, 15:03 (0 Talkback[s])
(Other stories by James Armstrong)
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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
"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."