SOURCE: Marketcetera

February 17, 2009 08:30 ET

Marketcetera and TABB Group Host Web Event to Discuss the Brave New World of Automated Trading

TABB Group Senior Analyst Kevin McPartland and Marketcetera CEO Graham Miller Share Ideas on Using Open Source to Gain Speed, Flexibility and Competitive Advantage

NEW YORK, NY--(Marketwire - February 17, 2009) - Marketcetera, the leader in open source platforms for automated trading, will host a free web event on Thursday, February 19 at 2 p.m. EDT, featuring TABB Group Senior Analyst Kevin McPartland.

The web event, entitled, "Automated Trading's Brave New World -- Speed, Flexibility and Competitive Advantage through Open Source," will examine trends in automated trading and analyze how drastic financial IT budget cuts will dictate what technologies will be used to seek greater efficiency in managing trade flow.

Mr. McPartland will address the current and future state of automated and algorithmic trading platforms and comment on how the increasing complexity of the global equity market is paving the way for buyside traders to employ more innovative technologies for order and execution management systems. Mr. Miller will explore current marketplace trading trends and discuss how the open source paradigm can provide speed, flexibility and competitive advantage to trading firms looking for an alternative to expensive and inflexible proprietary solutions.

Additional topics will include:

--  The case against proprietary solutions and the benefits of the open
    source paradigm
--  Market drivers that affect OMS/EMS purchasing decisions
--  How the financial community is doing more with less as IT budgets
    crash and burn
--  How to overcome integration headaches and embrace open standards
--  Counterparty risk and potential alternatives to broker-provided
--  How portfolio rationalization affects hedge funds and asset managers

Kevin McPartland is a senior analyst at TABB Group, where his research has focused on low-latency messaging, derivatives processing and other financial services technologies. Before joining TABB Group, he was a Senior Manager in the Global Financial Markets division of Detica (formerly m.a. partners). Kevin is a frequent speaker and author on financial markets technology.

Graham Miller is the co-founder and CEO of Marketcetera. He previously served as director of electronic trading strategies at a hedge fund in New York. Prior to that, he worked for Jane Street Capital, making markets in equity options on the floor of the American Stock Exchange, and directing electronic efforts. During his tenure on Wall Street, Mr. Miller oversaw the development of several high-throughput black box trading systems for equities, options, ETFs and futures.

To learn more or register for the event, please visit

About Marketcetera

Marketcetera ( provides open source software for automated trading systems. With 10,000 software downloads and more than 20 production deployments, Marketcetera provides maximum flexibility and technology choice to financial services institutions of all sizes. Marketcetera's platform lets brokers and traders build effective automated trading systems, develop proprietary algorithms, create order management solutions and manage risk faster, easier and at much lower cost than with closed platforms.

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