To some extent financial transactions are done on the basis of code anyway.
It's not unusual for transactions to specify a price based upon an agreed software-as-a-service calculation, for example an agreement might say "we will purchase 10,000 shares, on the 12th of May at the price defined by Bloomberg VWAP (volume weighted average price)".
So rather than the parties having to draft a five page document defining exactly the criteria used to calculate VWAP (i.e. which trades to include and exclude) they just say "we'll use the criteria defined by this code".
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To some extent financial transactions are done on the basis of code anyway.
It's not unusual for transactions to specify a price based upon an agreed software-as-a-service calculation, for example an agreement might say "we will purchase 10,000 shares, on the 12th of May at the price defined by Bloomberg VWAP (volume weighted average price)".
So rather than the parties having to draft a five page document defining exactly the criteria used to calculate VWAP (i.e. which trades to include and exclude) they just say "we'll use the criteria defined by this code".