Comments for Hedge Fund Software

Comment on Will Open Source Software Come To Hedge Fund Industry by bullish

bullish — Mon, 15 Jun 2009 06:40:19 +0000

I would say Open Source is an upcoming trend in the hedge fund software world. Its market share (talking about complete projects and software products rather than just development tools) is still very small, though it should change over the years.

Comment on Will Open Source Software Come To Hedge Fund Industry by YesWeCan

YesWeCan — Mon, 15 Jun 2009 06:02:35 +0000

One of the more popular open source projects among the financial services industry is the Advanced Message Queuing, or AMQP, Working Group, which is collaborating on specifications for messaging infrastructure. Firms including Credit Suisse, Goldman Sachs, JPMorgan Chase and Deutsche Borse Systems participate in the open source AMQP Working Group and collaborate on standards for messaging infrastructure. Vendors in the low-latency middleware area — including Tervela, 29 West, Solace System and Microsoft — also have joined the project.

Comment on Will Open Source Software Come To Hedge Fund Industry by foreggs

foreggs — Mon, 15 Jun 2009 06:00:54 +0000

earlier this year JPMorgan contributed a calculation library for credit default swaps to the International Swap Dealers Association for the good of the world

Comment on Will Open Source Software Come To Hedge Fund Industry by WallStrip

WallStrip — Mon, 15 Jun 2009 05:51:14 +0000

Open source has long flourished on Wall Street as financial services firms have sought competitive differentiation by tweaking open-source software for enhanced performance and functionality. Wall Street was the first sector to buy heavily into Linux, and it has also welcomed a host of other open-source infrastructure projects.

Indeed, Wall Street adoption has reached the point, in the words of a senior Accenture executive, Lloyd Altman, that open source has become a mandate for cash-strapped financial services firms tasked with doing more with less…

Comment on Will Open Source Software Come To Hedge Fund Industry by QuantPoint

QuantPoint — Mon, 15 Jun 2009 05:43:52 +0000

Open source software is not a news in the hedge fund world.

Tom L. Wood ran a firm called TLW Securities that developed a pioneering broker-neutral trading platform in the 1990s that offered almost everything I would like to have today. Ironically, Tom’s trading platform was developed in an open-source language called Tcl (pronounced tickle). At one point, TLW Securities, which specialized in hedge fund trading, handled more than 20 percent of the trading volume on the New York Stock Exchange.

Pavel Ahanouski

Comment on Hedge Fund Software Companies Quick Review by Pavel Ahanouski

Pavel Ahanouski — Tue, 02 Jun 2009 04:31:32 +0000

Great overview — good job!

Comment on What software do Hedge Funds need? by John Hedge

John Hedge — Fri, 29 May 2009 14:17:46 +0000

BITA Curve
BITA Curve provides a ‘quant’ workbench including optimisation, analysis and risk reporting, and data management. This enables users to create, test, analyse, manage and report on a portfolio using their own universe of data. BITA Curve gives fund managers unparalleled flexibility, access to data, integration with analytics libraries, and control.

BITA Optimiser
Developed over the last 14 years, with innovative derivative versions – robust, multi-period & gain/loss - BITA Optimiser is known for its flexibility, speed of processing and capacity to handle large complex problems.