The model of open source can play a very constructive role here. By releasing the models used to price CDS, the markets for these instruments take an important step towards greater transparency. The public vetting of this code (by academics, financial experts, regulators, etc,...) will surely lead to more stable markets in the future. Well done!
Slashdot Mirror
The model of open source can play a very constructive role here. By releasing the models used to price CDS, the markets for these instruments take an important step towards greater transparency. The public vetting of this code (by academics, financial experts, regulators, etc, ...) will surely lead to more stable markets in the future. Well done!