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 [...]
Filed under: Marketcetera, open-source, releases | 11 Comments »
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 [...]
Filed under: Marketcetera, open-source | 2 Comments »
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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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 [...]
Filed under: open-source | 3 Comments »
The Black-Scholes formula is not a secret. If you don’t believe me, you can read the formula, the original paper, or a tutorial. You can even buy the t-shirt. (OK, I created that one to make a point). An algorithm to compute a price using the Black-Scholes formula is not even a secret. You can [...]
Filed under: open-source | 13 Comments »
