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Goldman’s trading floor is going open source — sort of

Bank plans to let outside engineers tinker with some of the code that its traders use to price securities and manage risk

Goldman’s trading floor is going open source — sort of
Photo: Getty Images

Getting Goldman Sachs's view on how much a derivative should cost once required a trading account at the elite Wall Street firm. Soon anyone with a GitHub account will be able to do it.

Goldman later this month plans to release on GitHub, the popular developer-collaboration site, some of the code that its own traders and engineers use to price securities and analyse and manage risk. A few lines of code can spit out an analysis that once would have meant a chain of phone calls, emails and spreadsheets.

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