Agency brokerage Lime Brokerage LLC will offer Marketcetera’s Automated Trading Platform with its existing high-throughput, low latency solutions in its data center geared to high-frequency trading firms, announced the San Francisco-based technology company.
Designed for rapid deployment and low-latency processing, the Marketcetera Automated Trading Platform, which is built from open source components, offers a fully integrated approach across the entire trading cycle, integrating market data for price discovery, automated analysis and trade execution using a client’s proprietary black-box trading logic, according to the release.
“Lime Brokerage’s customers have some of the most demanding requirements for low-latency, high-throughput and reliable performance,” stated Deborah Mittelman, director of product-US Equities, at Lime Brokerage. “Marketcetera’s open-source platform provides a solution our customers can control and shape to suit their complex even processing needs,” stated Mittelman.
Citing the tremendous wave of innovation and creation occurring on Wall Street now, Graham Miller, co-founder and CEO of Marketcetera, said in the release, that seasoned veterans who are staring new shops, “don’t want to use the same limiting technologies that are slow to move and beyond their budget. They need to leverage faster, open trading solutions to move with the ebb and flow of the market,” added Graham in the release.
With the market structure of Wall Street quickly changing as traditional exchanges compete with multiple specialized liquidity venues, Graham said in order to plug into the wide ranging sources of liquidity, equity traders need scalable technology solutions that can support high-frequency trading at all venues.
Marketcetera’s open source software platform lets broker and traders build automated trading systems, developer proprietary algorithms, create order management solutions and manage risk faster, easier and at much lower cost than with closed platforms, the release contends.
Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio