Marketcetera gets $4M to bring open source to automated trading
Marketcetera, maker of an open source platform for automated trading, has raised $4 million in a first round of venture funding.
To stay competitive, Wall Street firms need to make trades more and more quickly, says chief executive Graham Miller, so many of them are going automated. The equity market is already 30 percent automated, and should reach 50 percent by the end of the decade, he says. Although FlexTrade offers a proprietary automated service, most… Continue Reading