SOURCE: Marketcetera

October 21, 2008 09:12 ET

Marketcetera Extends Open Source Trading Capabilities to the Back Office

Broker/Dealers Can Now Manage Order Flow, Calculate Risk and Analyze Market Positions From an Integrated Open Source Platform

NEW YORK, NY and SAN FRANCISCO, CA--(Marketwire - October 21, 2008) - Marketcetera, developer of open source platforms for automated trading systems, today announced a services package to help broker/dealers monitor their trading platforms. The offering, available through integration partner dbConcert, enables end users to monitor network connections, track order flow, analyze market positions and measure profit and loss -- all from an agile and easy-to-implement open source platform.

"The solution was developed to meet the specific needs of broker/dealers faced with the rapidly changing requirements of trade execution," said Graham Miller, CEO of Marketcetera. "From compressed fee structures to stricter regulatory standards and rising compliance costs, broker/dealers need flexibility and visibility into their systems to extend their portfolio capabilities on the fly. Being able to add data feeds or update the business rules embedded in their software systems without having to wait for a vendor update or a customer service call is invaluable to them."

The centerpiece of the new solution is the Marketcetera™ Automated Trading Platform. Broker/Dealers utilize Marketcetera™ Photon, the visual end-user interface, to control and monitor their trading activities and rely on the Marketcetera™ Trading Server (MTS) for order routing certified brokerage connections, and database management software. The solution also leverages the extensibility inherent in the platform's design to provide business intelligence functionality, back-office integration and an optional customer relationship management plug-in.

"Sell-side firms are beginning to rely on open source applications for a number of different trading projects," said Stephen Ferrando, CEO, dbConcert. "Broker/dealers monitor hundreds of connections and millions of dollars are made and lost on top of their systems. They can't afford to spend time out of the market waiting for products that take a long time to implement and are not flexible enough to meet the constantly changing demands of today's volatile markets."

ABOUT MARKETCETERA

Marketcetera (http://www.marketcetera.com) is a provider of open source software for automated trading systems. Portfolio managers and other financial services professionals can quickly transform trading ideas and pricing rules into their own proprietary algorithms that are embedded in the Marketcetera platform. The open source foundation of the platform provides maximum flexibility and technology choice to institutions of all sizes. End users gain competitive advantage by using the Marketcetera platform to build effective automated trading systems, develop proprietary algorithms, create order management solutions and manage risk more quickly and easily than with closed solutions.

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