Goldman giving away pricing/risk management software… WSJ

September 7, 2016 by Jim Colburn Leave a Comment

Goldman has decided to give away its security pricing and risk management software:

“Called Securities DataBase, or SecDB, the system remains Goldman’s prime tool for measuring risk and analyzing the prices of securities, and it calculates 23 billion prices across 2.8 million positions daily. It has played a crucial role in many of the seminal moments of the firm’s recent history, including its controversial trading just ahead of the financial crisis.”

Here is a takeaway quote:

“Regulation has dulled that advantage,” said Peter Carr, a former Morgan Stanley executive who teaches at New York University.”

And, these systems are already around:

“Goldman is seeking its niche in a crowded field. BlackRock Inc. offers its own risk-management system, called Aladdin, and Bloomberg LP’s terminals remain a ubiquitous presence on trading floors.”

Here is the link:

http://www.wsj.com/articles/goldman-sachs-has-started-giving-away-its-most-valuable-software-1473242401

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

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