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Marketcetera launches SaaS trading platform over Nyse Technologies SFTI network

25 June 2009  |  1956 views  |  0 Source: Marketcetera

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.

"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."

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