Open Source for Vertical Apps: Is Wall Street Ready?

in Forbes CIO Central Blog


Think of the kind of financial services firms that populate Wall Street and the City of London. The sort of collaborative ethos that surrounds open source does not immediately come to mind. Rather we see images of cut throat competition and a boundless desire to create a competitive edge, any way, any how.

Technology is the weapon to create this edge. The modern Wall Street firms are essentially software development companies. If Oliver Stone were a bit nerdier, the wunderkind characters of Bud Fox and Jake Moore, would have been head of teams of programmers attempting to use technology to get an edge.

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