NYSE Technologies and Marketcetera Launch New Era "Software-as-a-Service" Trading Platform on SFTI(R) Network
25 Giugno 2009 - 2:30PM
Marketwired
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, SuperFeed(TM).
"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."
To learn more about Marketcetera's vision for open source and
hosted services for high frequency automated trading, see
Marketcetera's video here: http://tinyurl.com/klq45q
About Marketcetera
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 (NYSE: 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
Media Contacts: East Coast: Steph Johnson Feintuch
Communications 212.808.4904 marketcetera@feintuchpr.com West Coast:
Jenna Boller Page One PR 415.321.2344 marketcetera@pageonepr.com
NYSE Technologies Eric Ryan Media Relations 212.656.2411
eryan@nyx.com
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