3 ms·
Just to add a bit of history, SecDB itself was an acquisition from J Aron, a commodity trading shop in the early 90s. It was ubiquitous in GS by the mid-2000s,
by smallnamespace 6y ago
Just to add a bit of history, SecDB itself was an acquisition from J Aron, a commodity trading shop in the early 90s.
It was ubiquitous in GS by the mid-2000s, and was rather instrumental to GS navigating the crisis in 2008.
Being able to accurately and quickly compute risks across the entire firm's books, rather than manually merging across separate systems was key advantage, which encouraged JP, Citi and BofA to build a SecDB clone themselves.
https://www.goldmansachs.com/our-firm/history/moments/1993-secdb.html https://www.goldmansachs.com/our-firm/history/moments/1993-s...