Banks Eye More Open Source in Light of Covid-19

Driven by common industry pain points and unforeseen complications, capital markets firms have begun using open-source technology more widely.

Custom Software Comes to the Fore

It was little more than a decade ago that former Goldman Sachs programmer Sergey Aleynikov was first prosecuted—and subsequently exonerated—on charges that he had stolen high-frequency trading code from the bank. At the time, the programmer countered that he was only trying to strip out open-source code that he had added, before returning it to the open-source community. Despite this, Aleynikov spent a year in jail before his conviction was reversed—only to have his conviction reinstated in 2015

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