Language Selection

English French German Italian Portuguese Spanish

Is Open Source Threatening the Status Quo?

Filed under
OSS

A new software upstart Marketcetera contends that its open source platform for building automated trading systems is an alternative to the likes of EMS providers Portware and Flextrade. Marketcetera's CEO Graham Miller (who previously worked at hedge funds where he developed automated trading systems) regards these platforms as proprietary and calls them restrictive and inflexible as well as expensive.

Buy-side firms, mainly hedge funds and proprietary trading shops, are participating in Marketcetera’s open source effort to develop an algorithmic trading platform. By using open source development the buy-side firms can download a copy of the source code, offer feedback and receive bug reports. They can also have more influence over how the software evolves.

I doubt that the emergence of an open-source trading platform is going to encroach upon the success of Portware and FlexTrade anytime soon, but it could offer firms more freedom to do things on their own at a lower price point.

I think the rise of an open-source computing platform for developing algorithmic trading and other automated trading strategies is a cool idea especially for hedge funds that are developing multiple strategies and want to code quickly and want the flexibility to change things without waiting for a software company to do it for them. It's also something that could be controlled by the buy-side as opposed to the sell-side since so many of the EMSs these days are operated by broker dealers.

More Here




Also:

Unbound -- a new open source alternative to the BIND domain name system (DNS) server -- makes its worldwide debut today with the public release of Unbound 1.0 at http://unbound.net.

Released to open source developers by NLnet Labs, VeriSign, Inc. (NASDAQ: VRSN), Nominet, and Kirei, Unbound is a validating, recursive, and caching DNS server designed as a high-performance alternative for BIND (Berkeley Internet Name Domain). Unbound will be supported by NLnet Labs.

An essential component of the Internet, the DNS ties domain names (such as www.verisign.com) to the IP addresses and other information that Web browsers need to access and interact with specific sites. Though it is unknown to the vast majority of Web users, DNS is at the heart of a range of Internet-based services beyond Web browsing, including email, messaging and Voice Over Internet Protocol (VOIP) telecommunications.

More Here




More in Tux Machines

digiKam 7.7.0 is released

After three months of active maintenance and another bug triage, the digiKam team is proud to present version 7.7.0 of its open source digital photo manager. See below the list of most important features coming with this release. Read more

Dilution and Misuse of the "Linux" Brand

Samsung, Red Hat to Work on Linux Drivers for Future Tech

The metaverse is expected to uproot system design as we know it, and Samsung is one of many hardware vendors re-imagining data center infrastructure in preparation for a parallel 3D world. Samsung is working on new memory technologies that provide faster bandwidth inside hardware for data to travel between CPUs, storage and other computing resources. The company also announced it was partnering with Red Hat to ensure these technologies have Linux compatibility. Read more

today's howtos

  • How to install go1.19beta on Ubuntu 22.04 – NextGenTips

    In this tutorial, we are going to explore how to install go on Ubuntu 22.04 Golang is an open-source programming language that is easy to learn and use. It is built-in concurrency and has a robust standard library. It is reliable, builds fast, and efficient software that scales fast. Its concurrency mechanisms make it easy to write programs that get the most out of multicore and networked machines, while its novel-type systems enable flexible and modular program constructions. Go compiles quickly to machine code and has the convenience of garbage collection and the power of run-time reflection. In this guide, we are going to learn how to install golang 1.19beta on Ubuntu 22.04. Go 1.19beta1 is not yet released. There is so much work in progress with all the documentation.

  • molecule test: failed to connect to bus in systemd container - openQA bites

    Ansible Molecule is a project to help you test your ansible roles. I’m using molecule for automatically testing the ansible roles of geekoops.

  • How To Install MongoDB on AlmaLinux 9 - idroot

    In this tutorial, we will show you how to install MongoDB on AlmaLinux 9. For those of you who didn’t know, MongoDB is a high-performance, highly scalable document-oriented NoSQL database. Unlike in SQL databases where data is stored in rows and columns inside tables, in MongoDB, data is structured in JSON-like format inside records which are referred to as documents. The open-source attribute of MongoDB as a database software makes it an ideal candidate for almost any database-related project. This article assumes you have at least basic knowledge of Linux, know how to use the shell, and most importantly, you host your site on your own VPS. The installation is quite simple and assumes you are running in the root account, if not you may need to add ‘sudo‘ to the commands to get root privileges. I will show you the step-by-step installation of the MongoDB NoSQL database on AlmaLinux 9. You can follow the same instructions for CentOS and Rocky Linux.

  • An introduction (and how-to) to Plugin Loader for the Steam Deck. - Invidious
  • Self-host a Ghost Blog With Traefik

    Ghost is a very popular open-source content management system. Started as an alternative to WordPress and it went on to become an alternative to Substack by focusing on membership and newsletter. The creators of Ghost offer managed Pro hosting but it may not fit everyone's budget. Alternatively, you can self-host it on your own cloud servers. On Linux handbook, we already have a guide on deploying Ghost with Docker in a reverse proxy setup. Instead of Ngnix reverse proxy, you can also use another software called Traefik with Docker. It is a popular open-source cloud-native application proxy, API Gateway, Edge-router, and more. I use Traefik to secure my websites using an SSL certificate obtained from Let's Encrypt. Once deployed, Traefik can automatically manage your certificates and their renewals. In this tutorial, I'll share the necessary steps for deploying a Ghost blog with Docker and Traefik.