OStatic

A few days ago, Kristin wrote about Marketcetera's 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. Ars Technica also points out that over 20 financial institutions have already adopted Marketcetera. The question is: Why doesn't the financial community at large wake up to this kind of opportunity to reduce costs and customize trading through an open source offering?

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.