May 14, 2009

Wall Street Opens Doors to Open Source Technologies

Article Source FOSSBazaar
May 14, 2009, 3:03 am

Wall Street & Tech reports that capital markets firms are increasingly adopting open source: "With the financial meltdown eroding IT budgets, large investment banks, hedge funds and other financial institutions have been forced to rethink their attitudes toward open source technology. Use of open source technology is quietly booming in the capital markets because of increased cost pressures, and analysts predict the current economic conditions will drive further industry adoption."

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