Happy New Year, Marketcetera Readers!

We’ve been rather quiet for a while, so you may have been wondering what was going on at Marketcetera. Very simple - all this time, we’ve been drinking tea. It appears, that since we moved to our new office, I’ve gone through a whole box of tea - 80 packets in all. All jokes aside, what does it really translate to, aside from 3-4 cups a day?

Apologies for “going dark” and not releasing anything in the past 2 months - we’ve been concentrating on fundraising, to expand the team and grow the company faster. Read the rest of this entry »

Marketcetera used to be in the heart of the San Francisco’s “Web 2.0 gulch” and we felt pretty out of place every time we stood in line to get a burrito and had to overhear yet-another Facebook application conversation.

Well, no more! We just moved to the heart of the Financial District (FiDi if you are local and lazy) to the Mills Building (hey, first steel building in SF!) which actually used to house the old Pacific Options Exchange, is only one block away from the old Pacific Coast Stock Exchange and four blocks from Transamerica Pyramid. Conveniently, we have customers in the same building, and are working on a few more from the many other financial companies here.

Needless to say, we are very excited to be at the intersection of Silicon Valley and finance (in more ways that one). If you happen to be in the area, feel free to drop by, we can take the cable car to Chinatown for some dim sum.

Our new address is 220 Montgomery St, Suite 600, San Francisco CA 94104, and you can reach us at our new phone number: 415-398-2644.

We’ve spent the last two months doing some customer implementations nd going through FIX certification with various brokers.
Naturally, we found a few bugs and annoyances and fixed them.

We went live with another customer in production on Wall St this week well (actually, on Rector St, but close enough). If you would like help with an implementation of your own, drop us a line.

Version 0.4.1 is a bug fix release and an integration of the new Quickfix/J 1.3.0, which allows for better JMX instrumentation of sessions.

Download yours today!

This morning we had a great conversation with open-source guru Matt Asay. We initially became fans of his insightful editorial work while reading “The Open-Source CEO“, a series of interviews with leaders of open-source companies. During the course of the conversation, we got some great advice about the problems faced by open-source entrepreneurs. Then a couple of hours after we finished up, this excellent writeup hit his blog, “The Open Road“.

Thank you very much, Matt. It feels great to get validation from someone whose ideas we admire.

Another release, another asset class - the latest release of the Marketcetera Platform brings you equity options.

The 0.4.0 release of the Marketcetera Platform has the following new features:

1. Equity options support in Photon
2. Improved algorithmic scripting support
3. Marks import in Tradebase
4. SSL support in OMS
5. FIX message detail view in Photon
6. Improved appliance and OMS diagnostic tools
7. Improved exchange and market data simulators

One would argue that having an open-source trading platform already provides you with options, now Marketcetera gives you equity options, too. (Yes, we are looking for a better marketing person). Buy. Hedge. Scalp gamma. With Marketcetera Platform supporting both equities and equity options, cross-asset strategies are limited only by your creativity.

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While not entirely true, one might say that the main reason we implemented Profit and Loss reporting in Tradebase was just so that we could have the above title.

We are very excited to announce the release of Marketcetera Platform version 0.3.1, which includes the above-mentioned P&L functionality, better UI and error reporting in Photon, and JMX integration in OMS.

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We just crossed the 1000 revision mark in our source-code repository. It’s a meaningless metric of course, to measure progress by number of checkins. However, it still made us feel a certain sense of accomplishment, which we celebrated by having lunch at Red’s Java House on the San Francisco Bay waterfront, a few blocks from our office.

So what are we working on nowadays? Some interesting things:

• Adding P&L reports to Tradebase
• Equity Options support for Photon and the rest of the platform
• And of course, fixing bugs.

Expect the next version with P&L and Quickfix/J 1.1.0 integration in a few weeks, with Equity Options following in a subsequent release. Thanks for your support and feedback.

We are pleased to announce the release of version 0.3 of the Marketcetera Platform.

Here’s what’s new:

• Excel Integration! You can now create and send orders to the Marketcetera OMS from inside your existing Excel spreadsheets. This means you can now fully integrate your Excel-based pricing models and business processes with the Marketcetera Platform.
• The OMS is now FIX-version agnostic - you can use FIX4.0-4.4 with Marketcetera Platform.
• Configurable order limits.
• Implemented a .NET API for sending orders to the OMS. Your C# or VB.NET applications can talk to the Marketcetera Platform as well.
• Released the platform as a Parallels virtual appliance, in addition to existing VMWare appliance.

For more information please see the full release notes.

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