Will Wall Street Require Python?

Earlier this month, the Securities and Exchange Commission (SEC) proposed Release 33-9117, which recommends using downloadable Python code as a way for financial institutions to improve transparency. It reads: “We are proposing that the computer program be filed on EDGAR in the form of downloadable source code in Python. … Under the proposed requirement, the filed source code, when downloaded and run by an investor, must provide the user with the ability to programmatically input the user’s own assumptions regarding the future performance and cash flows from the pool assets, including but not limited to assumptions about future interest rates, default rates, prepayment speeds, loss-given-default rates, and any other necessary assumptions.”

IT World wonders what will happen to the open source programming language when Wall Street insists on new syntax, and the government gets involved as well?

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