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Why Open Source Software Is Gaining Traction on Wall Street

As such, banks are evaluating the costs of commercial software versus the opportunity presented by open source software (OSS) to drive down IT costs.

But beyond cost pressures, other trends are leading to increased adoption of open source on Wall Street, such as regulatory pressure, the demand for application development to support mobile platform use, and the need to control the costs of innovation while accelerating time-to-solution.