Goldman Sachs will open-source some of its trading software

Of course, if this technology was able to price securities better than the market (the fundamental job of almost every market participant), it would be printing money and they would not release it.<p>This is not the secret sauce, but probably an implementation of a set of standard well known pricing and risk models. That&#x27;s still useful, and can be expensive to develop, so thanks Goldman.

To a regular software developer who uses (and does extremely minimal contributions) open source software regularly, this seems more for marketing &#x2F; branding (even from an HR perspective) than for anything else (like a contribution without returns in mind).<p>We&#x27;re reading about how GS &quot;will&quot; open source some software on WSJ, it would be better to just see a blog announcement with a link to the repository.

What about that dude who they put in jail for open sourcing software he developed in a personal side project while under contract with them?<p>Didn&#x27;t they like completely throw the book at him by charging him under that completely insane law the Computer Fraud Act?

Anyone who thinks GS is taking any action without the intent of profiting from said action is hopelessly naive.

Am I the only one who thinks they want to push the market into applying strategies that they can then trade against? This is classic Wall Street, persuading the masses to take the wrong side of bets.

This is quite a change from when they ruined a man’s life for using Github.

<a href="https:&#x2F;&#x2F;www.businessinsider.com&#x2F;goldman-sachs-is-making-its-trading-tech-open-source-2015-8?r=US&amp;IR=T&amp;IR=T" rel="nofollow">https:&#x2F;&#x2F;www.businessinsider.com&#x2F;goldman-sachs-is-making-its-...</a><p>&quot;Aug. 12, 2015, 12:33 Goldman Sachs is going the way of Google and Facebook. The investment bank is giving away some of its trading technology to clients through open-source software, according to The Wall Street Journal....&quot;<p>Am I missing something?

How much do we wanna bet this is just a recruiting gimmick?

This is an honest question, and forgive me if it&#x27;s a bit naive, but if they release trading software to the masses under the assumption that the vast majority of users will make few changes, can they rely on the herd to buy enough stock in their software&#x27;s predictions at a slower rate to get an uptick?

Goldman Sachs does nothing that fails to profit Goldman Sachs.<p>This might be just PR, in which case the code could be useful for some. However, they may be doing this is because they found something that they can exploit if other people are using this code. It might be nothing particularly bad for a given user, but if a big block of investors begin using code Goldman Sachs knows intimately, the market may suddenly start doing stuff that just happens to fall to Goldman Sach&#x27;s advantage.

I spoke with some developers from Goldman several years ago. They couldn&#x27;t even access Github website from work. Open source software and libraries were not regarded well either. Things may be changing, who knows. My impression was that Goldman is one of the most restrictive places to work.

On Github, they only posted LICENSE, <a href="https:&#x2F;&#x2F;github.com&#x2F;gg4real&#x2F;gs-quant" rel="nofollow">https:&#x2F;&#x2F;github.com&#x2F;gg4real&#x2F;gs-quant</a>

Please pretty please open source plottool

Probably a poison pill that Goldman has engineered countertrading schemes against.<p>Not unlike the magic numbers the NSA suggested for various encryption schemes.

Maybe pull request trolling could be a thing? Pull requests that print “why hasn’t anyone involved in the GFC gone to jail?”

it will probably make money, but this is the same as sp500 et al being public list of components. they know that showing their &quot;secret&quot; will influence the irrational market to folow suit, hence showing sp500 components will make more people buy into those and make sp500 even more profitable.<p>this can be an attempt at the same for the new generation. if your algo is making money and it can benefit from a mass adoption of the same strategy (or more likely they have a secret tweaked one that takes that more into account) why wouldn&#x27;t they offer it in the open?