Goldman Sachs will open-source some of its trading software • Hacker News Board

Re: Goldman Sachs will open-source some of its trading software

#101

Post by chrisfinazzo » Thu, Apr 04, 2019, 3:12 PM UTC

baybal2 wrote: post #100

chrisfinazzo wrote: post #94

Earlier quoted context omitted.

Oh, the firm got paid, but you have to think they feel for the guy a bit.

I mean did he get it from of Goldman, not the client.

Oh no, they've been dragging the court case out for years. His employment at another firm was suspended when the story broke and he's been in and out of court and jail ever since (convicted, appeal, overturned, new charges, etc) from both NYS and Federal courts.

Last I heard, he was given time served, but the founding partner of the firm - who was his primary legal counsel in the case - was trying to get that conviction stricken from his record as well.

Re: Goldman Sachs will open-source some of its trading software

#102

Post by alexeiz » Thu, Apr 04, 2019, 3:51 PM UTC

I spoke with some developers from Goldman several years ago. They couldn't even access Github website from work. Open source software and libraries were not regarded well either. Things may be changing, who knows. My impression was that Goldman is one of the most restrictive places to work.

Re: Goldman Sachs will open-source some of its trading software

#103

Post by mehdizare » Fri, Apr 05, 2019, 6:05 PM UTC

On Github, they only posted LICENSE, https://github.com/gg4real/gs-quant

Re: Goldman Sachs will open-source some of its trading software

#104

Post by closeparen » Sat, Apr 06, 2019, 4:57 AM UTC

lordnacho wrote: post #60

ionwake wrote: post #53

Earlier quoted context omitted.

Hope you dont mind me asking a slightly unrelated and possibly dumb question. Im a programmer, but on the side have made on average 150% profit in share dealing over the passed 5 years, but more importantly, a much higher return in other assets to 2 orders of magnitude higher. My question is - would experience / gains like this - if i had proof etc - get me an interview in a fund as some type of well paid (6 figure a…

Yes, go on LinkedIn, there's a bunch of recruiters hawking jobs at funds. Generally they want a Sharpe ratio above 2.5, $10M profits a year. And you need to know what machinery you'll need too. Capital requirements, counterparty agreements, access to stock lending, cost requirements, IT requirements, everything. Some of the newer shops say you can keep your own IP. Haven't checked whether it's true, but most people I…

If you are making $10m profits a year, what do you need a job for?