Open Source Gets Into Wall St. Back Office
Oct 22, 2008, 16:31 (0 Talkback[s])
(Other stories by Sean Michael Kerner)
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"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. "