October 21st, 2008 - Marketcetera announces services package to help broker/dealers monitor their trading platforms

Marketcetera extends open source trading capabilities to the back office

Graham Miller, CEO, Marketcetera “From compressed fee structures to stricter regulatory standards and rising compliance costs, broker/dealers need flexibility and visibility into their systems to extend their portfolio capabilities on the fly."

Marketcetera has announced a services package to help broker/dealers monitor their trading platforms. The offering, available through integration partner dbConcert, enables end users to monitor network connections, track order flow, analyze market positions and measure profit and loss.

“The solution was developed to meet the specific needs of broker/dealers faced with the rapidly changing requirements of trade execution,” said Graham Miller, CEO of Marketcetera. “From compressed fee structures to stricter regulatory standards and rising compliance costs, broker/dealers need flexibility and visibility into their systems to extend their portfolio capabilities on the fly. Being able to add data feeds or update the business rules embedded in their software systems without having to wait for a vendor update or a customer service call is invaluable to them.”

"Sell-side firms are beginning to rely on open source applications for a number of different trading projects," said Stephen Ferrando, CEO, dbConcert. "Broker/dealers monitor hundreds of connections and millions of dollars are made and lost on top of their systems. They can't afford to spend time out of the market waiting for products that take a long time to implement and are not flexible enough to meet the constantly changing demands of today’s volatile markets."