Comments on: Will Open Source Software Come To Hedge Fund Industry http://www.hedgefundsoftware.net/will-open-source-software-come-to-hedge-fund-industry/ Hedge Fund Software Industry Blog Tue, 07 Sep 2010 11:23:35 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: bullish http://www.hedgefundsoftware.net/will-open-source-software-come-to-hedge-fund-industry/comment-page-1/#comment-10 bullish Mon, 15 Jun 2009 06:40:19 +0000 http://www.hedgefundsoftware.net/?p=69#comment-10 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. 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.

]]> By: YesWeCan http://www.hedgefundsoftware.net/will-open-source-software-come-to-hedge-fund-industry/comment-page-1/#comment-9 YesWeCan Mon, 15 Jun 2009 06:02:35 +0000 http://www.hedgefundsoftware.net/?p=69#comment-9 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. 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.

]]> By: foreggs http://www.hedgefundsoftware.net/will-open-source-software-come-to-hedge-fund-industry/comment-page-1/#comment-8 foreggs Mon, 15 Jun 2009 06:00:54 +0000 http://www.hedgefundsoftware.net/?p=69#comment-8 earlier this year JPMorgan contributed a calculation library for credit default swaps to the International Swap Dealers Association for the good of the world earlier this year JPMorgan contributed a calculation library for credit default swaps to the International Swap Dealers Association for the good of the world

]]> By: WallStrip http://www.hedgefundsoftware.net/will-open-source-software-come-to-hedge-fund-industry/comment-page-1/#comment-7 WallStrip Mon, 15 Jun 2009 05:51:14 +0000 http://www.hedgefundsoftware.net/?p=69#comment-7 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... 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…

]]> By: QuantPoint http://www.hedgefundsoftware.net/will-open-source-software-come-to-hedge-fund-industry/comment-page-1/#comment-6 QuantPoint Mon, 15 Jun 2009 05:43:52 +0000 http://www.hedgefundsoftware.net/?p=69#comment-6 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 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

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