TheOpenAnalyst

Marketcetera, a Silicon Valley-based start-up, has developed open-source trading software that it says will make the creation of custom financial trading systems easier and cheaper. Rather than creating their own products, financial services firms, hedge funds and others can pick up the Marketcetera Platform software and use it as a basic framework for their operations. The financial companies just plug their algorithms and trading policies into the system and let it handle the demanding processing jobs required to obtain and analyze financial data.

It seems less than ideal — make that crazy — to reveal such a product in the midst of a drastic economic downturn. But Graham Miller, the chief executive at Marketcetera, says that volatility in the financial markets increases interest in products that can help illuminate unique opportunities. In addition, Mr. Miller claims that cash-short companies will find the open-source approach appealing.

Bringing Open Source Software to Trading Desks | NYTimes.com

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