Marketcetera appoints W. Brennan Carley to board of directors

First Published Tuesday, 24 March 2009 from Automated Trader : Algo Appointments News

Former Reuters VP appointed to Marketcetera's board of directors

W. Brennan Carley, Board of Directors, Marketcetera: "I look forward to adding my experience to a stellar team so I can help Marketcetera capture the opportunities created by the current revolution in the financial markets.”

Marketcetera, the open source platform for automated trading, has appointed W. Brennan Carley to its board of directors. 

"Market forces have redefined what traditional financial institutions look like and raised the bar in terms of what they expect from their service providers,” said Graham Miller, CEO, Marketcetera. “The curtain has closed on slow and expensive proprietary systems creating a perfect opportunity for companies like Marketcetera to define a new era of fast, open, and extensible products that redefine value to financial customers. With experienced and influential leaders like Brennan on our board, Marketcetera will continue to set the pace for a smarter and more efficient Wall Street.”

Carley founded Radianz (now called BT Radianz) in 2000 and was responsible for strategy, products, technology, and operations.  Prior to Radianz, he was senior vice president of strategic planning at Reuters. 

“The financial services industry can’t escape the new day dawning on Wall Street,” said Carley.“  Marketcetera has the vision, ambition, and audacity to retool the fundamentals of how trading platforms are built and change the future of financial markets technology. I look forward to adding my experience to a stellar team so I can help Marketcetera capture the opportunities created by the current revolution in the financial markets.”


    More Like This...

  • LCH.Clearnet and SIX x-clear publish interoperability summary

    LCH.Clearnet Limited and SIX x-clear Ltd have published a summary link agreement which provides the framework for successful interoperability across Europe.  The existing interoperability arrangement between the clearing houses which serves the London Stock Exchange (LSE) and SIX Swiss Exchange uses this link agreement.
    The agreement is based upon a proven model which successfully withstood the Lehman default.  The model has been designed to minimise the risk of contagion by safeguarding the assets of the non-defaulting CCP and its members.

    Key features include:
    Integrity of risk management:
    * Each CCP retains the authority to determine the eligibility of trades for clearing
    * Margining process preserves the integrity and safeguards of each CCP

    Protection from contagion in the event of a default:
    * ‘Defaulter pays’ model ensures protection for non-defaulting CCP and its members
    * Distinct default funds minimises contagion in the event of a CCP de...continued

  • Tactico acquires 24 percent equity stake in OMEGA Securities

      Eric Stoop, managing director, Tactico: "Omega’s volume has tripled in the past two months and they have significant price and speed advantages over TMX, Alpha, Chi-X and Pure." Tactico Inc....continued

  • Interxion and euNetworks partner for co-location & connectivity

      Anthony Foy, Group Managing Director, Interxion: "We collaborate with customers at all levels, and our agreement with euNetworks illustrates the immediate benefits this approach can bring.” Interxion the European operator of carrier-neutral data centres, and euNetworks the provider of data services, have announced a non-exclusive partnership to provide traders with turnkey pan-European colocation and low-latency access to key liquidity venues....continued

  • Copyright © Automated Trader Ltd 2010
click here to return to the top of the page