The Open-Source Debt Nobody in Finance Wants to Talk About
Most of the software running the global financial markets was never paid for. Not by the banks, not by the brokers, not by the hedge funds processing billions in daily volume. It was written by developers who published their work for free, maintained by small teams who kept showing up because the work mattered to them, and quietly adopted by an industry that moved on without looking back.
That arrangement is starting to crack.
EXANTE, a prime broker with $4 billion in client assets and 20,000+ professional investors on its platform, has put €1 million behind an effort to fix it. The Gecko Fund, launched in June 2026, is a grant program for open-source projects within the financial technology stack. Not new projects looking for seed funding. Existing ones. The libraries and frameworks already running in production at major institutions are maintained by people who have never seen a...
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