Just as high frequency is the future of trading and open source is the future of trading technology, we believe that the cloud will be the future of the trading ecosystem. In today’s world of exploding market data and intense pressure on the financial services industry, buy-side firms and traders will be less able to afford costly on-premise proprietary trading systems that require long implementation periods and lag behind the rapidly changing needs of users. An open source architecture provides the benefits of customization, flexibility, and agility that we’ve been discussing since the inception of Marketcetera. But let’s take it one step further…
At the SIFMA Technology Management Show this week, Marketcetera announced a partnership with NYSE Technologies to offer a SaaS trading platform over NYSE’s Secure Financial Transaction Infrastructure (SFTI) network. High frequency traders using the network to connect seamlessly with the world’s leading markets will be able to employ Marketcetera’s trading platform hosted in the cloud. This means high-performance, end-to-end trading infrastructure available at a fraction of the cost of proprietary IT systems that must be run on premise. Combining open source with on-demand services in the cloud will revolutionize the way that customers mold the Marketcetera platform to fit with their business models.
To help us express our vision for the future of open source trading and innovation in hosted cloud services, we’ve added a new video to the YouTube channel featuring interviews with Graham Miller, our co-founder and CEO, and I. Appreciate your thoughts!
Marketcetera Announces Partnership With NYSE Technologies
Filed under: Marketcetera, Trading Trends, open-source, releases
