Once taboo, open-source skills now sought by Goldman Sachs, Morgan Stanley and other top sell sides

The world’s biggest banks want the new talent to possess at least some open-source technology skills, which was unthinkable a decade ago. It’s a win for advanced open-source practitioners, but how did it materialize? The answer is likely a not-so-even split between compulsion and choice.

Open-source software—finally—is reveling in its own renaissance era on Wall Street. In its first life, circa 2009, the would-be movement was dogged by salacious headlines featuring a familiar name, one-time Goldman Sachs programmer Sergey Aleynikov, and themes of theft, crime and misappropriation. Over the last decade, this perception has been all but overwritten. The world’s biggest sell-side institutions have gone from skeptics (if not outright naysayers) to some of the most active

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Interop tech buys time for buy-side fixed-income traders

A few buy-side traders and portfolio managers spearheading a drive for greater interoperability are reaping the rewards of increased workplace efficiency. Is interoperability the fixed-income panacea the buy side has been looking for?

GenAI and HFT: A competitive edge?

Timing is critical in the capital markets. IBM researchers say genAI’s predictive abilities in combination with AI/ML models can translate into profitable HFT opportunities.

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