OStatic

While news of Marketcetera's 1.5 release of its open source trading platform will certainly appeal to those working with financial-services specific software deployments, there's a neat little gem in this story that will make any open source software enthusiast smile. Marketcetera, the open source pioneer in the automated stock trading platform arena, has always had the advantage of fast deployments, infinite extensibility thanks to its built-in scripting engine and open nature, and impressive scalability -- and its 1.5 release builds on that foundation.

But claiming that a software platform is fast, scalable, and makes better use of the hardware it runs on is one thing -- proving it is another. Truth be told, different hardware configurations can yield slightly different results, and most companies don't have the time or resources to test software under controlled circumstances for any length of time.

Most companies, with the possible exception of Intel, with its labs in various locations for just this sort of purpose. Aside from the new features and enhancements Marketcetera users will experience in the 1.5 release, they can also rest assured that in testing conducted at Intel, Marketcetera performed on par with its proprietary competition. Thanks to community innovation and contribution, functionality and performance are continually increasing.

The financial services market is still a largely uncharted region for open source software. Sure, there are several Exchanges around the globe that use Linux to power their operations, but the minds, the people, and the currency that bring life to the trading floors don't operate solely on a patch of real estate in New York, London or Hong Kong. Marketcetera is one of the first open source software vendors to blaze a trail in this industry, with its open source trading platform catering to buy side and algorithmic trading.

Tackling a new market often necessitates a new way of thinking and looking at problems, but having experienced advisors onboard is still crucial to successfully navigate the unfamiliar territory -- for the insight they give, and the assurance their presence can instill in potential customers. This is only one of the reasons Marketcetera is welcoming Larry Stefonic to its advisory board. Stefonic is no stranger to the software industry, having co-founded the yaSSL project, an open source internet security suite, holding management positions at Centure Software, Raima Corporation and recently serving as the executive vice president of sales at MySQL AB.