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Marketcetera and Lakeview team on open source trading platform

18 May 2010  |  4318 views  |  0 Source: Marketcetera

Marketcetera, a developer of innovative open source software solutions for algorithmic electronic trading today announced that it has partnered with Lakeview Capital Market Service GmbH, an investment, technology and consulting provider based in Starnberg, Germany, to enhance and broaden the reach of Marketcetera, the industry's leading open source electronic trading and risk system.

According to the agreement, Lakeview will co-develop Marketcetera and extend support and sales services in the European and Asian markets. In addition, Lakeview will offer client customization and development, application integration services as well as unique quantitative modeling and algorithm development consulting services to customers. Furthermore, Lakeview has committed to offer new and exciting high performance options for the Marketcetera platform in the near future that will far exceed currently available performance in the commercial space.

"We are excited to offer and support this cutting edge electronic trading solution, which will complement our existing partner offerings within the high performance algorithmic trading space," said Peter van Kleef, Managing Director at Lakeview. "By combining the Marketcetera open source platform with our leading consulting services, we can arm clients with the technology and knowledge necessary to successfully create and implement cutting edge automated quantitative trading strategies at a fraction of the cost previously possible."

"Our goal is the democratize access to high frequency trading," said Roy Agostino, Managing Director of Marketcetera, "Lakeview's extensive experience and deep understanding of quantitative trading make them the ideal partner for co-developing and supporting Marketcetera in the European and Asian markets. Through this new partnership, we are now able to deliver the Marketcetera platform to financial institutions across the globe - providing quants and traders with an affordable and cost efficient cutting edge tool to develop the next generation of algorithmic strategies."

Marketcetera is the only open source platform that can provide a match for any commercial trading system in the market. With Marketcetera, users have access to a cutting edge trading and risk management system at a fraction of the cost of its commercial rivals. Through the unique advantage of being open source, users have the control to modify and extend the core system in any way imaginable and therefore ensure that the resulting system matches their requirements 100%. Total cost of ownership is a fraction of rival commercial systems. Marketcetera and Lakeview both have a strong commitment to open source technology and to making high performance trading technology affordable.

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