Is Open Source Threatening the Status Quo?
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.
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.
- Login or register to post comments
- Printer-friendly version
- 1265 reads
- PDF version
More in Tux Machines
- Highlights
- Front Page
- Latest Headlines
- Archive
- Recent comments
- All-Time Popular Stories
- Hot Topics
- New Members
digiKam 7.7.0 is releasedAfter 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. |
Dilution and Misuse of the "Linux" Brand
|
Samsung, Red Hat to Work on Linux Drivers for Future TechThe 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. |
today's howtos
|
Recent comments
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago