How open source software could help level the playing field in finance

Obviously data-driven investment managers are not going to divulge the secret signals that form the basis of their alpha strategies. But when something is not part of your main business it can help to open source the code, which can then be improved. These days open sourcing software is a trend that even large hedge funds such as AHL and AQR in the US taking part in. Saeed Amen, CEO and founder of Cuemacro, is enthusiastic about open source within the big data arena. He has spent over a decade developing algorithmic trading strategies places like Lehman Brothers and Nomura, and a number of large hedge funds.