OStatic

As we posted earlier, Marketcetera announced this week its secured $4 million in Series A funding to develop a software stack designed to automate financial trading. While Marketcetera might be one of the first open source companies to aim for the specialized world of Wall Street trading, it's not likely to be the last.

Between the continuous flow of venture capital funding toward open source projects and Wall Street's apparent readiness to embrace the open source philosophy, Marketcetera's new cash infusion looks to be just the tip of the iceberg. What does all this point to?