Goldman’s Trading Floor Is Going Open-Source. Kind of.

Getting Goldman Sachs Group Inc.’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 analyze 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.

How does someone “jealously” guard something. You have it so how can you be jealous of something you already possess?

GoldmanSachs That's cuz Daddy already took the church keys 🔐 You're all welcome in the vault after it's been emptied. 💸💎⏳SmokeandMirrors 🚬WealthofNations 💵GoldmanRunstheWorld 📡

Yeah, and what do we have to pay for this, a 1/15th of our soul?

Goldman is giving that out for free is because they realized they can’t beat Vanguard 500 index fund over long run. Duh!

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