Marketcetera: A New Model Based On The Original Premise
If you think about it, the market was always open source, right?
Whether you look at the bazaar or the mall or the flea market, buying and selling goods was always based on the organic, open source approach. That’s why it’s so interesting to see a company take this open-source approach to the next level.
Marketcetera has created an open-sourced trading platform that’s already gotten the interest of tech giants and pioneers. The venture-backed startup is located in San Francisco.
According to their website, the Marketcetera advantage includes flexibility, quicker roll out time and better control.
W. Brennan Carley, a recent Marketcetera board member, called the trading platform revolutionary. Carley added that the solution solves two problems for traders: they don’t have to build a trading platform from scratch and they can optimize it at will.
For us, Marketcetera demonstrates the way technology is changing the trading landscape, and leveling the playing field for all involved. The company has destroyed, or at least smashed a gaping hole in a significant barrier to entry for many financial startups. Also, it’s open-source philosophy erases the top-to-bottom, rigid structural thinking of old school finance.
As a company entering the industry with the same type of attitude, it’s a needed shot on encouragement.
On a side note, companies like Marketcetera that are willing to push the envelope, just a bit, are the types of organizations that can lead the market out of the morass its currently in.
Related posts:
- Myth: Only Full-Time Traders Make Money
- Automatic Income Potential From Automated Trading
- Entering Entrepreneurship Through Automated Trading
- Hooking Up Your Own Personal Goldman Sachs
- Expert Profiles: Ben Gimpert Discusses Algorithmic Trading
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I'm George Ulmer. Matt and I started this blog and launched the Online Investing AI business. Our goal is to develop the technology to allow anyone to retire after working for 10 years.
is one of my favorite financial books of all time. It's an allegory about a guy who has a terrible job, and how he overcomes challenges to achieve his dreams.
