I found this article on the advantages open source software can bring to the hedge fund industry http://www.hedgefundsoftware.net/will-open-source-software-come-to-hedge-fund-industry/ Do you think it is possible to take open source projects off the ground to the point where they will become as commonly used in the industry as for example Eclipse and Firefox are used in their respective industries?
I am not talking about open source development languages (Java, etc) but open source software products and financial libraries Is that commonly used already? I have not heard much about those
Ok.. I will re-phrase my question The trend has already started there are some open source companies used by the wall street.. But those are not that popular yet and the my question is - would they become hugely popular in financial industry?
do you think it can be widely adopted as a foundation that one can start building based on? if its has no edge, but its possible to make it sharper right ?
Unless a company uses 100% Microsoft products it is using open source software in one form or another, directly or indirectly. Hedge funds are no exception. Open source is present in pretty much all non-Windows operating systems and most C++ and Java-based products. Many common libraries and utilities are either open source or include open source software.