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Traders and Financial Insititutions Should Wake Up to FOSS

Jan 23, 2009, 07:32 (0 Talkback[s])
(Other stories by Sam Dean)

[ Thanks to sakshi garg for this link. ]

"That last fact I know from experience with traders. A few years back, I covered trading software for various technology publications, and I got to know quite a few traders. In many cases, the advantage they command in the financial markets comes from their trading systems, and all they need from software infrastructure is a reliable platform for trade execution, record keeping, and the like. It is not uncommon for large-scale traders to spend millions of dollars on custom software from specialist developers to meet these needs.

"I'm positive that there are a lot of people in the financial community who could benefit from familiarizing themselves with Marketcetera. Marketcetera isn't the only open source option, either. Yesterday, Lisa covered Black Duck Software's citation of jbooktrader, found on Google code, as a top open source automated trading solution. "

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