ISDA Announces Agreement to Make J.P. Morgan’s CDS Analytical Engine Available as Open Source; Increases Transparency in CDS Pricing
The International Swaps and Derivatives Association, Inc. (ISDA) today announced that J.P. Morgan has transferred to ISDA its CDS Analytical Engine. The CDS analytical engine, originally developed by the Quantitative Research group at J.P. Morgan, is widely used in the industry to price CDS contracts. ISDA will make the analytical engine available as open [...]
Bringing Open Source Software to Trading Desks
Marketcetera, a Silicon Valley-based start-up, has developed open-source trading software that it says will make the creation of custom financial trading systems easier and cheaper. Rather than creating their own products, financial services firms, hedge funds and others can pick up the Marketcetera Platform software and use it as a basic framework for their operations. [...]