SOURCE: Marketcetera

June 10, 2008 09:12 ET

Marketcetera Opens New York Office

Automated Trading Platform Provider Opens Wall Street Location for Sales, Services and Customer Support

SAN FRANCISCO, CA and NEW YORK, NY--(Marketwire - June 10, 2008) - Marketcetera, developer of open source platforms for automated trading systems, today announced the opening of its New York City office at 80 Broad Street.

The new office will give customers and community members in New York and on the East Coast access to sales executives, consulting services, and onsite support. Marketcetera's UK-based implementations will also be supported through this office.

"While algorithmic trading is driving growth in foreign exchange and asset classes in other geographies, Wall Street remains central to the trading universe," said Graham Miller, CEO, Marketcetera. "We've been successfully selling to and supporting east coast customers for some time, but our increasing sales activity and expanding customer base now calls for a New York presence. We are pleased to dedicate resources to this market."

Marketcetera's New York office will open on June 10th. The company's CEO and CTO will remain in the company's San Francisco headquarters. Executives in the New York office will report directly to them and be available for onsite client visits and meetings with community members. The office will scale in response to customer demand and sales requirements.

About Marketcetera

Marketcetera (http://www.marketcetera.com) is a provider of open source software for automated trading systems. Portfolio managers 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.

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