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
Miro, a nonprofit Web TV player with big ideals, launches co-branding service
Web video may seem like a tough field for any company to enter, much less a nonprofit.
But the Participatory Culture Foundation, a 501(c)3 organization, says its Miro video player can play RSS-enabled videos hosted anywhere — and offers advantages over most of the for-profit video companies on the market.
For starters, it offers open standards and open source, and is a standalone player.
The player took another step forward this week, by launching a co-branding service with… Continue Reading