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A New Firm Lures Brokers from Big Wall Street Houses
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| Possibly the most compelling of the new
| opportunities for breakaway brokers is a
| Chicago firm called HighTower. It offers
| brokers with at least $100 million under
| management what it describes as an "open
| source" alternative to firms like Merrill and
| Morgan Stanley Smith Barney.
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http://www.forbes.com/forbes/2010/0118/outfront-wall-street-brokers-hightower-second-acts.html
Recent:
Wall Street companies now trying Open Source technologies
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| Bangalore: Economic slowdown had a huge impact on the financial institutions
| around the world. Recession has forced these financial institutions to take a
| look at their budget as well as the technology that they are using. In times
| like this open source technology is growing in the capital markets because of
| increased cost pressures. Many Wall Street companies are now adopting open
| source even though there are many who still believe that any software that
| they develop is proprietary and has a competitive edge.
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http://www.siliconindia.com/shownews/Wall_Street_companies_now_trying_Open_Source_technologies-nid-60736.html
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