More open source software for capital markets April 11, 2007
Posted by James Webster in : software, finance , trackbackI came across Marketcetera a few months ago and they have recently released version 0.3. Marketcetera is an open source (Java) trading platform with client and server components. In addition to a trade entry front-end with a basic blotter it includes a back-end Order Management System compliant with the FIX protocol and a post-trade allocation and reporting system (known as Tradebase) built on Ruby on Rails.
They ship the platform as discrete components or as VMware/Parallels virtual machine images. I’m looking forward to seeing how this platform evolves, particularly whether they will integrate Tradebase more tightly with the OMS and an open-source app server when JRuby 1.0 is finalised. It would be interesting to see if it could be deployed as a Java EAR.
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