The September 2008 market crash has certainly shaken up the trading industry. For buy-side firms and hedge funds in particular, the volatile period over the last seven months has required difficult adjustments. The realities of a new market have challenged the assumptions inherent in hedging practices and federal regulations (such as the short selling ban) [...]
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I am very excited to have recently joined the board of Marketcetera. Several colleagues have asked why I joined the board, so here is what I found so compelling about Marketcetera:
Filed under: Marketcetera, open-source, Trading Trends, Uncategorized | 3 Comments »
The financial world is now making way for open source software, and big banks are playing follow the leader. As HSBC, Bank of New Zealand and JPMorgan all announced recently, the open source paradigm is creeping in to their technology architectures. Perhaps we’re witnessing the start of something …. ? Let’s look at the benefits [...]
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We started Marketcetera a couple years ago on a mission to develop a fundamentally better method for writing, managing and implementing algorithmic trades for hedge fund managers and proprietary traders. Both Graham and I spent ten years managing trading platforms and strategies for Wall Street hedge funds until we couldn’t stand dealing with slow, bulky [...]
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On Christmas Eve, BusinessWeek Online ran an article, “Bring Open Source into Hedge Funds.” Talk about hitting the nail on the head. The article by Peter Algert, co-founder of the San Francisco-based Algert Coldiron Investors hedge fund, asks for some open-source love for hedge funds. He argues hedge funds are too focused on making money [...]
Filed under: Marketcetera, open-source, Trading Trends | 2 Comments »
Earlier this month, Rachael King at BusinessWeek ran a story, “Cost-Conscious Companies Turn to Open-Source Software.” The story compares our current recession-driven IT budget crunch to the tech bubble burst, and examines how some large businesses have, and continue to, test out and implement various flavors of open source software to work around shrinking tech [...]
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Hello everyone, Today we are announcing the release of Marketcetera’s Automated Trading Platform version 0.9.0. Here are some highlights: Community As we continue to evolve the product, we have received tremendous community feedback. To further improve our communication and coordination with our community, we are launching new community tools for documentation (Confluence), bug/issue tracking (Jira), [...]
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As John Donne once, almost, famously said, “No open source project is an island, entire of itself.” We might have taken some liberties with the exact wording, but we at Marketcetera take the essential meaning to heart: our products do not exist in a vacuum, they are the building blocks of a greater whole consisting [...]
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When The 451 Group approached Marketcetera 2 months ago to contribute to a commercial open source report, we weren’t quite expecting the end result to be titled, “Open source is not a business model.” The analyst firm surveyed 114 open source companies, including Marketcetera, on their business strategies. They sought to answer the question that [...]
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Our team just returned from Wall Street and a battlefield tour of our current market travails. What became clear to me, through our discussions with customers, prospects, analysts and press, is that the current market volatility will accelerate the industry’s adoption of open source software. Financial institutions have a deep and abiding frustration with incumbent [...]
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