The New Face of Open Source on Wall Street

Open source has long flourished on Wall Street as financial services firms have sought competitive differentiation by tweaking open-source software for enhanced performance and functionality. Wall Street was the first sector to buy heavily into Linux, and it has also welcomed a host of other open-source infrastructure projects.

Indeed, Wall Street adoption has reached the point, in the words of a senior Accenture executive, Lloyd Altman, that open source has become a mandate for cash-strapped financial services firms tasked with doing more with less…