Open Source Finance

Open source finance brings the benefits of open source development to academic research and professional practice in finance. The three main parts of open source finance are: 1) the use of open source software in testing hypotheses and implementing investment strategies, 2) cheap access to financial data, and, 3) replication to confirm published research results. Although neither open source software nor replication are widely employed in finance today, their use is growing and their advantages substantial. Academics and professionals who embrace these changes are more likely to be successful than those who do not