Moving Forward Together in an Open Source World

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 for buyside traders. Besides the ability to develop trading algorithms and execute orders, open source is lightweight and flexible enough to be deployed 10 times faster than traditional buyside trading platforms at a fraction of the cost. In today’s economic environment, financial institutions are finding that open source is ushering in the brave new world of automated trading. It offers the same robustness as proprietary models without the limitations and costly add-ons required just to make the software work the way you want it to. Plus, it offers enhanced controls for greater transparency into the platform and the code.

Next Thursday, February 19 at 2 p.m. EDT, TABB Group Senior Analyst Kevin McPartland will share his thoughts on the use of open source in automated trading. Kevin, along with our CEO, Graham Miller, will examine how exactly the open source paradigm yields speed, flexibility and competitive advantage for trading firms. Additional topics on the hot seat include:

  • The case against proprietary solutions and the benefits of the open source paradigm
  • Market drivers that affect OMS/EMS purchasing decisions
  • How the financial community is doing more with less as IT budgets crash and burn
  • How to overcome integration headaches and embrace open standards

The webinar is open to all – we just ask that you register at www.marketcetera.com/webinar.

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