finance

Checkbook NYC advances civic open source

planning for open source release in government

New York City Comptroller John Liu is about to do something we need to see more often in government. This week, his office is open sourcing the code behind Checkbook NYC, the citywide financial transparency site—but the open-sourcing itself is not what I'm referring to. After all, lots of governments open source code these days.

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Open source potential in capital markets

financial markets for open source

When I tell people about OpenGamma, reactions are often incredulous.

We’ve built a full market risk analytics platform for capital markets—with all the bells and whistles you’d expect, such as a declarative calculation engine, a flashy HTML5 GUI, and a comprehensive analytics library—and we’ve released it under the Apache 2.0 License. And, our key customers and users at the moment are some of the world’s most secretive technologists: hedge fund managers. To an outsider, this may look like a curious combination.

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Marketing open source is made for geeks

Kings of business

Up until about ten years ago, it was extremely unfashionable to be a geek. Geeks were considered the black swans of the social world: they were perceived as having limited social skills, little interest in non-programming activities, and few friends.

Fast forward to today, and things have changed significantly for the geek. Geeks today run the coolest companies, create the most cutting-edge trends, and are popular guests on the social circuit. And as the geek has evolved, so too has his or her skills: today's geeks are not just clever programmers, but they also know how to finance and market their products.

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GROUND LAB Part 3: How open source objectively affected our development process

GROUND LAB is a research and development company focused on designing and fabricating prototypes and solutions for a wide range of clients, ranging from large organizations like UNICEF to smaller NGOs, conservationists and artists. We use the open source approach in our development not only for the benefits and context described previously, but also for the advantages it provides for our clients. » Read more

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Which is better: efficient markets or efficient communities?

In my post last week, I talked about what I see as inefficiencies in the system design of many crowdsourcing projects. Today, I thought I'd stick with the inefficiency theme after reading a blog by Umair Haque entitled The Efficient Community Hypothesis (thanks to Rebecca Fernandez for pointing it out). » Read more

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