Two firms, both known for their need, and delivery, of speed, have teamed up to provide hedge fund managers and other professional traders with a platform for faster creation and implementation of new trading strategies.
Electronic brokerage firm Lime Brokerage will now offer the Marketcetera Automated Trading Platform with its existing high-throughput, low-latency solutions.
Designed for rapid deployment and low-latency processing, Marketcetera's Automated Trading Platform 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.
The new offering is aimed at both hedge fund and other asset managers, as well as broker-dealers.
"There is a tremendous wave of innovation and creation on Wall Street right now," said Graham Miller, co-founder and CEO of Marketcetera. "As the evolution of equities trading undergoes this transformation, we're seeing seasoned veterans opening up new shops. They 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."
"Lime Brokerage's customers have some of the most demanding requirements for low-latency, high-throughput and reliable performance," said Deborah Mittelman, director of product – U.S. equities, at Lime Brokerage. "Marketcetera's open-source platform provides a solution our customers can control and shape to suit their complex event processing needs."