The SecDB trading software , which was dubbed the " secret sauce " that enabled Goldman Sachs to survive the financial crisis , is about to be offered to the broader market . Beacon , set up by SecDB developers Kirat Singh and Mark partners , provides a platform that adopters can use to include data analytics and other services such as apps . The new service is being bought by hedge funds , banks , insurers and trading firms . " When we built up it had to invent a lot of the necessary core technologies from scratch , " said Beacon 's chief commercial officer , Michael Kirch . " With Beacon , we had the opportunity to leverage more standardised open source components . "
The SecDB trading software, which was dubbed the "secret sauce" that enabled Goldman Sachs to survive the financial crisis, is about to be offered to the broader market. Beacon, set up by SecDB developers Kirat Singh and Mark Higgins, provides a platform that adopters can customise to include data analytics and other products such as apps. The new service is being bought by hedge funds, banks, insurers and trading firms. "When Goldman built SecDB it had to invent a lot of the necessary core technologies from scratch," said Beacon's chief commercial officer, Michael Kirch. "With Beacon, we had the opportunity to leverage more standardised open source components."