Posted by Graham Miller on July 31, 2008
As the heat rises in global securities markets, blocks have melted into streams: trades that were previously executed as one big block of shares are being broken up into a series of smaller trades and reported to a customer at an average price. Among the most visible evidence of this trend are the precipitous drops in share quantities per trade, down from 2300 to around 300 on the NYSE.
Of course one of the drivers behind this trend is the increased use of algorithmic trading systems for tactical execution. Many brokers offer to “rent” their algorithms for use by their institutional customers (and, increasingly, their retail customers), which presents a crucially important question: what constitutes “best execution” in the world of streams?
Read the rest of this entry »
Posted in Trading Trends | 1 Comment »
Posted by Toli Kuznets on July 18, 2008
It’s funny - some can argue that open source software has been around since probably earlier than I was born. But even the definitive essay, Eric Raymond’s “The Cathedral and the Bazaar” was presented more than 10 years ago in 1997, and the myths surrounding open source still remain.
Plenty of publications are working to dispel these misconceptions; O’Reilly, TechWorld, and Matt Asay’s “The Open Road” articles are all great examples.
Hopefully, Marketcetera readers and users know that the usual myths are simply not true. Read the rest of this entry »
Posted in open-source | 3 Comments »
Posted by ytalmor on July 10, 2008
It’s been about 90 days since I joined Marketcetera as VP of Engineering, and I’m having a great time. I previously worked at Yahoo!, where I dealt with a lot of problems with large scale, low-latency and high-throughput systems as director of engineering in the Search Marketing Group. I’m looking forward to applying my expertise in a new industry – or industries - since Marketcetera has a foot in both the open source software and the finance worlds.
Read the rest of this entry »
Posted in Marketcetera | 2 Comments »
Posted by Toli Kuznets on July 3, 2008
Who said installing open-source software had to be difficult? We just shipped the 0.5.0 release, which contains an all-in-one installer for Windows. It makes installing and configuring the Marketcetera Platform a breeze, so it’s even easier to try out.
Read the rest of this entry »
Posted in Marketcetera, releases | No Comments »
