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Goldman Sachs' proprietary trading language is too 2002.

Goldman Sachs wants a new generation of technologists as it moves away from Slang

Times are changing at Goldman Sachs. If you were a technologist at the U.S. investment bank in the past, chances were you'd be asked to code in Slang (short for Securities Language), the single-threaded language invented by Goldman Sachs in the late 1990s which underpins its SecDB risk and pricing system. However, as SecDB evolves for the 21st century, Goldman is increasingly dropping Slang and moving on.

Goldman Sachs didn't respond to a request to comment for this article, but as we observed last week, engineering jobs requiring Slang are now a small proportion of the Goldman jobs at Goldman. Languages like Java, Python and C++ are much more prolific now. 

Goldman is making a push to move away from Slang as the language of SecDB. This has been underway for a few years, with technologists asked to code 'Java wrappers' to act as a Slang interface, but it's now being taken to a different level. 

Goldman is currently advertising around 11 roles for C++ and Java engineers in Bengalaru, London and Singapore to work on a "rapidly expanding team" tasked with updating the SecDB platform for the next five to ten years.  As Goldman embraces Amazon Web Services and aspires to become the finance industry's lead provider of Application Programming Interfaces (APIs), the growing team is tasked with, "migrating services from the proprietary platform to modern solutions for scalable microservices architecture."

There's no mention of Slang in the job specification. However, there is mention of "20-year old code to refactor" and to "uplift into the new century." That's Slang right there.

The ditching of Slang is likely to be welcomed by new engineers taking jobs at Goldman. In the past, the need to learn the proprietary language was seen as a career inhibitor that resulted in engineers being highly employable at Goldman but less employable anywhere else. Conversely, any longstanding Goldman developers who've built their careers on Slang may fear their days are numbered.   

Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available. Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.) 

Photo by Daniel H. Tong on Unsplash

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AUTHORSarah Butcher Global Editor
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  • ma
    mag steel
    20 August 2020

    This is a really dumb article. You are projecting from 11 open roles what the SecDB strategic direction is. To begin with, eleven roles in India and Singapore is nothing. But more importantly the underlying SecDb platform and the Slang interpreter is built on C/C++/Java. GS is constantly looking for new people to maintain it and enhance it.

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