Morgan Stanley and EPAM Systems Contribute to Finos Open Source Movement

Morgan's Morphir offering is a transparency and efficiency tool for both users and developers; EPAM's GLUE is aimed at the buy side.

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Vidar Nordli-Mathisen

In the two years since its founding, the Fintech Open Source Foundation (Finos) has gone from a community dominated by small, cutting-edge fintechs to a playground for major sell-side institutions and their own big ideas.

Finos is a nonprofit whose mission is to promote the adoption of open-source software and open standards in finance. Through the organization, companies and individual developers (through GitHub, a Finos platinum member) contribute the source code for tools they’ve built to

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Removal of Chevron spells t-r-o-u-b-l-e for the C-A-T

Citadel Securities and the American Securities Association are suing the SEC to limit the Consolidated Audit Trail, and their case may be aided by the removal of a key piece of the agency’s legislative power earlier this year.

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