SaaS solution marries high-performance infrastructure with agility of open source to meet increasing demands of high frequency trading
NYSE Technologies and Marketcetera Launch New Era
“Software-as-a-Service” Trading Platform on SFTI® Network
NEW YORK and SAN FRANCISCO, June 25, 2009 — Marketcetera today announced the availability of its open source trading platform over NYSE Technologies’ Secure Financial Transaction Infrastructure® (SFTI®) network. The offering is specifically designed for high frequency traders and provides a high-performance hosted infrastructure with the agility of an open source platform at a fraction of the cost of on-premise proprietary trading systems.
“Today’s traders are demanding best execution and the lowest latency possible while offloading IT management headaches and unnecessary costs so that they can focus on what they do best – trade,” said Graham Miller, CEO of Marketcetera. “By working with NYSE Technologies, we can offer this end-to-end solution through a managed hosting model. Clients can expect to receive reduced costs, flexibility and performance advantages that they require to compete in this era of high frequency trading.”
The new offering from Marketcetera offers firms of all sizes the agility traders need to pursue alpha at a cost model that only an open source business model can deliver. Traders start with the level of capacity that they need and grow seamlessly, paying on a basis of what they use.
NYSE Technologies will host the Marketcetera trading platform as a SFTI® Integrated Partner Solution. Clients can access this platform together with other services including NYSE Technologies’ high-performance, reliable and flexible directed order routing capability, SFTI® Order Routing and its low latency hosted tickerplant offering, SuperFeedTM.
“The end-to-end solution available from Marketcetera and NYSE Technologies demonstrates our commitment to finding alternative ways to attract liquidity and meet the needs of current clients with flexible, open and cost-effective products,” said Murray White, senior vice president, Global Connectivity at NYSE Technologies. “By providing a robust solution in a hosted environment, together we address issues like bandwidth requirements, procurement, maintaining market data infrastructure and connectivity so traders can spend more time focused on their core competencies.”
Marketcetera (www.marketcetera.com) provides open source software for automated trading systems. By providing maximum flexibility and technology choice to financial services institutions of all sizes, Marketcetera’s platform lets brokers and traders build effective automated trading systems, develop proprietary algorithms, create order management solutions and manage risk faster, easier and at much lower cost than with closed platforms.
About NYSE Technologies
A division of NYSE Euronext (NYX), NYSE Technologies is a leader in providing innovative software, market data products and data management applications, connectivity solutions, exchange technology, and transaction solutions for trading firms, vendors and financial markets around the world. NYSE Technologies offers one of the most comprehensive suites of high quality commercial technology products that includes advanced messaging platforms, co-location services, ultra-low latency order routing and a one-of-a-kind hosted network community, all designed to enable the free flow of liquidity for the global marketplace. This division operates four units: the Global Connectivity unit, offering one of the world's largest, most reliable financial transaction networks connecting firms and exchanges worldwide; the Trading Solutions unit, which creates and implements high performance, end-to-end messaging software and real-time market data distribution and integration products; the Exchange Solutions unit, which provides multi-asset exchange platform services, managed services and expert consultancy; and the Global Market Data unit, which offers a broad array of global market information products covering multiple asset classes. With offices across the U.S. , Europe and Asia , NYSE Technologies' advanced integrated solutions for a wide range of services has earned the ability to power the trading operations of global financial institutions and exchanges. For additional information visit: http://www.nyse.com/technologies
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