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tl;dr By "give away" they mean allow their sophisticated clients access the tools to do business with Goldman. It's not open sourced or available publically in
by jonknee 10y ago
tl;dr By "give away" they mean allow their sophisticated clients access the tools to do business with Goldman. It's not open sourced or available publically in any manner.
- amelius 10y agoI'm missing the rest of the tl;dr. What is this software used for? Why is it so valuable?
- arthurcolle 10y agoPricing securities and position/risk management... Read the article!
- Maven911 10y agoIt's used for pricing & risk management. Considered the best in class for large banks and has been attributed (at least partially) for GS scathing away from the financial crisis relatively unharmed because of being able to quickly price things, determine risk throughtout the firm, and make quick decisions.
- jsprogrammer 10y agoGS scathed away with their former president as the Secretary of Treasury overseeing the rescue of their dependencies. Who has made such attribution?
- anotherarray 10y agoIt's part of the article's clickbait strategy. It's so distant from the truth that you can't even find information about pricing, plans ,conditions, etc. It's a nice way to get investors' attention though.
- mathattack 10y agoThis is "giving away" as in "Loss Leader." If a customer uses a bank's database to do their pricing, they tend be much more likely to do their trading with that firm. This is why firms like to have their models become the market standard. (Example: "Lehman Live" was used to price Mortgage Backed Securities. Unfortunately that didn't end well)