Marketcetera's Open Trading Platform Taking FOSS and Finance Further

by Kristin Shoemaker - Jan. 14, 2009Comments (0)

The Marketcetera team is as aware as the rest of us that economic changes are coming fast and furious, and that open source software can have an impact on a company's -- or individual's -- financial future. Honestly, one could say Marketcetera is twice as aware of open source software's financial potential.

Today, Marketcetera released the first full production release of its open source automated trading platform. Aimed at hedge fund managers, traders, brokers and dealers, the system is standardized, open, scalable and modular. This, says Marketcetera CEO Graham Miller, offers users faster deployments, better integration, and the ability to customize everything from the public APIs to data models.

The Marketcetera Automated Trading Platform is the first open source trading platform. It supports several scripting languages (including Java and Ruby) and strategy APIs can be created and modified through the built-in developer environment. Marketcetera uses mysql out of the box (but is "database agnostic" if necessary), and its Photon GUI was built using the Eclipse Framework.

One of the main ideas that drives Marketcetera, says Miller, is speed. Not just in terms of deployment, but in successfully completing transactions at the right time, under the proper terms. He says the open source framework lends itself easily to integration with existing infrastructure and headless deployments can minimize costs in overhead and lag time. Because the code is open, brokers aren't limited to vendor supplied components and connectors, and the Marketcetera community is expanding into these areas.

Miller acknowledges that while no one platform can be all things to all people, the open source approach offers users a genuine advantage in getting the product they want with the level of support they need, so they can focus on gaining (and keeping) that competitive edge.


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