Sky Road, a leading solutions provider to the financial community and Marketcetera, the leader in open source platforms for automated trading, have integrated Marketcetera's open source automated trading platform with Sky Road's solutions for cross-asset portfolio management, supporting trading, risk, and operations functions.
"As the financial services landscape continues to evolve and as firms face new pressures, we are finding that financial institutions are increasingly in need of solutions that provide speed of implementation, flexibility, scalability, and comprehensive trading capabilities," says John Borse, CEO of Sky Road. "By developing a solution with Marketcetera, we are now able to offer even more advanced trading capabilities to our clients."
Sky Road is leveraging Marketcetera's open source automated trading platform to expand Sky Road's offerings to include enhanced trading functionality, such as electronic trade capture, order management and order routing. The two firms' shared clients will benefit from the joint offering, by now being able to utilize Marketcetera's leading edge trading technology via Sky Road's robust hosted platform.
"We see a huge potential in the marketplace for hosted trading solutions, as evidenced by the SaaS platform we rolled out to our high frequency trading customers last month," said Graham Miller, CEO of Marketcetera. "By mashing up our platform with their own technologies to offer more visibility and control, Sky Road has demonstrated that they share our vision and understand the value of using alternative delivery channels to provide better trading capabilities to the marketplace."