SAN FRANCISCO — Marketcetera, developer of open source
platforms for automated trading systems, today announced that software
industry veteran, Yoram Talmor, has joined Marketcetera as vice
president of engineering. In this role, Talmor will be responsible for
developing the company’s first commercially available algorithmic
trading platform, scheduled for release in the fourth quarter of 2008,
and providing technical direction for the company’s products and
services.
Talmor has more than 12 years of experience in management and software
development, with expertise in high performance, large scale
distributed systems, both at startup companies and large enterprises.
Prior to Marketcetera, he worked as director of engineering at
Yahoo!’s Search Marketing Group. Previously Talmor held various
positions at Yahoo!, Inktomi, Seerun and IBM, where he worked as a
research associate in the distributed systems group.
“We are bringing Yoram on board at a critical juncture, as we are
preparing to launch our first commercial trading product,” says Graham
Miller, CEO of Marketcetera. “Marketcetera just received $4 million in
Series A funding led by Shasta Ventures and Yoram’s expertise will
help take the company from an innovative start-up to a leader in
automated financial trading systems.”
Marketcetera provides an open-source trading platform that delivers
fast, flexible and reliable securities trading tools for financial
services professionals. The company's comprehensive software platform
enables financial services firms of any size to gain a competitive
advantage by building effective automated trading systems, developing
proprietary algorithms, creating order management solutions and
managing risk.
“Marketcetera is using open source software and methodologies to give
financial institutions an alternative to expensive, monolithic
proprietary trading systems,” says Talmor. “The market for automated
trading systems is expected to jump from 30 percent to more than 60
percent in the next few years. I am impressed with the potential of
Marketcetera’
playing field when it comes to developing trading strategies.”
Talmor holds a masters and bachelors in computer science from the
Technion Institute of Technology in Israel, with a concentration in
distributed shared memory systems.
About Marketcetera
Marketcetera (http://www.marketcetera.com) is a provider of open
source software for automated trading systems. Portfolio managers can
quickly transform trading ideas and pricing rules into their own
proprietary algorithms that are embedded in the Marketcetera platform.
The open source foundation of the platform provides maximum
flexibility and technology choice to institutions of all sizes.
Bret Clement
Page One PR
303.462.3057
bret@pageonepr.com
