SaaS Solution Marries High-Performance Infrastructure With Agility of Open Source to Meet Increasing Demands of High Frequency Trading
NEW YORK, NY and SAN FRANCISCO, CA -- (Marketwire) -- 06/25/09 -- Marketcetera today
announced the availability of its open source trading platform over NYSE
Technologies' Secure Financial Transaction Infrastructure® (SFTI®)
network. The offering is specifically designed for high frequency traders
and provides a high-performance hosted infrastructure with the agility of
an open source platform at a fraction of the cost of on-premise proprietary
trading systems.
"Today's traders are demanding best execution and the lowest latency
possible while offloading IT management headaches and unnecessary costs so
that they can focus on what they do best -- trade," said Graham Miller, CEO
of Marketcetera. "By working with NYSE Technologies, we can offer this
end-to-end solution through a managed hosting model. Clients can expect to
receive reduced costs, flexibility and performance advantages that they
require to compete in this era of high frequency trading."
The new offering from Marketcetera offers firms of all sizes the agility
traders need to pursue alpha at a cost model that only an open source
business model can deliver. Traders start with the level of capacity that
they need and grow seamlessly, paying on a basis of what they use.
NYSE Technologies will host the Marketcetera trading platform as a SFTI®
Integrated Partner Solution. Clients can access this platform together
with other services including NYSE Technologies' high-performance, reliable
and flexible directed order routing capability, SFTI® Order Routing and
its low latency hosted tickerplant offering, SuperFeed(TM).
"The end-to-end solution available from Marketcetera and NYSE Technologies
demonstrates our commitment to finding alternative ways to attract
liquidity and meet the needs of current clients with flexible, open and
cost-effective products," said Murray White, senior vice president, Global
Connectivity at NYSE Technologies. "By providing a robust solution in a
hosted environment, together we address issues like bandwidth requirements,
procurement, maintaining market data infrastructure and connectivity so
traders can spend more time focused on their core competencies."
To learn more about Marketcetera's vision for open source and hosted
services for high frequency automated trading, see Marketcetera's video
here:
http://tinyurl.com/klq45q
About Marketcetera
Marketcetera (www.marketcetera.com) provides open source software for
automated trading systems.
