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Apr-2008

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Sam Dean (1)
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marketcetera (1)

Open Source Trading Software Firm Marketcetera Raises $4 Million

Big hedge funds, individual traders and others are driving up the amount of money invested in high-frequency quantitative trading strategies. Does that represent an opportunity for open source trading platforms?

Some investors might cringe at the idea of trusting a lot of money--and trade executions--to open source software, but opportunities are arising. Marketcetera, a leading open source platform provider recently released a new version of its trading software, and will announce tomorrow that it has closed $4 million in Series A funding led by Shasta Ventures and Jack Selby of Clarium Capital--a hedge fund.