[Gllug] Open source financial database

[Chris Bell]

On Wed 24 Nov, Nordlund, Niko wrote:
> 
> Hi,
> 
> I have a wild idea, and want to share it with you. The idea might be of
> interest to all financial experts out there.
> 
> I have read about the Quantlib with enthusiasm. A brilliant concept: quants
> from banks and corporates come together to code a free code for valuing
> financial instruments. This means that one can value financial instruments
> easily, without having to re-invent the wheel. 
> 
> Now, what if we did the same on treasury system side? The treasury system
> providers make good money by keeping the source code to them selves. How
> about coming up with open source treasury system? Use, say PostgreSQL, as a
> base to build a solid treasury database. The idea is that you could download
> the database (and GUI?) for free and tailor-make the system to your needs
> easily and possibly even share your ideas in a true fashion of the open
> source. This would be really great news for corporates and financial
> institutes!
> 

   I was told by an accountant that there is a problem with things financial
because there are often "guidelines" rather than definite rules, and it is
difficult setting solid definitions for something flexible.

-- 
Chris Bell

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