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[News] Free Software Powers Big Business

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The new face of open source on Wall Street

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| But the more dramatic shift for Wall Street right now is that it is 
| considering open-source alternatives for fundamental, industry-specific 
| applications, applications like Marketcetera's open-source trading platform, 
| which I've called "a lifeline to the hedge fund industry" because it enables 
| the industry to become more efficient and more productive.  REvolution 
| Computing, Esper, and others are also benefiting from this shift.     
`----

http://news.cnet.com/8301-13505_3-10245464-16.html

Daily P&L reconciliation capability provided by open source platform 

,----[ Quote ]
| Marketcetera, a provider of open source platforms for automated trading, has 
| released an update of its automated trading platform. The open-source 
| software offers four new features.  
`----

http://www.hedgefundsreview.com/public/showPage.html?page=858053


Recent:

Marketcetera 1.5 Released; Tests Demonstrate Speed, Performance On Par With
Proprietary Products

,----[ Quote ]
| While news of Marketcetera's 1.5 release of its open source trading platform
| will certainly appeal to those working with financial-services specific
| software deployments, there's a neat little gem in this story that will make
| any open source software enthusiast smile. Marketcetera, the open source
| pioneer in the automated stock trading platform arena, has always had the
| advantage of fast deployments, infinite extensibility thanks to its built-in
| scripting engine and open nature, and impressive scalability -- and its 1.5
| release builds on that foundation.
`----

http://ostatic.com/blog/marketcetera-1-5-released-tests-demonstrate-speed-performance-on-par-with-proprietary-products


Marketcetera Targets Buy-Side with New Open Source Algo Trading Platform

,----[ Quote ]
| Similar to the way the Linux operating system was developed by a community of
| software programmers, Marketcetera is drawing upon the methods of open source
| development to create a framework for building automated trading systems.
`----

http://www.advancedtrading.com/tradingsystems/showArticle.jhtml?articleID=207801096&cid=RSSfeed_AdTrade_News
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