The key to a successful business plan often hinges on who gets there first with a market-revitalizing product. Being first may not guarantee instant success, but it certainly makes those that follow behind play catch-up.
Marketcetera's Automated Trading Platform may prove to be just that key for Graham Miller, CEO and cofounder. Early last month, his company brought to market an open source trading platform for traders, hedge fund managers and brokers and dealers.
The idea for this trading platform grew from his dissatisfaction with available products he used during his 10 years of managing trading platforms and strategies for Wall Street hedge funds. Stanford University computer scientists Miller and CTO Toli Kuznets founded Marketcetera in 2006. Their unhappiness with the long implementation cycles and costly maintenance that proprietary automated trading software required led the two on a quest for a lighter-weight, more flexible replacement platform.