FOR IMMEDIATE RELEASE
+1 650 787-6017
Peter van Kleef
Lakeview Capital Market Services
+49 8151 952-921
+44 118 903 3408
MARKETCETERA OPEN SOURCE TRADING SYSTEM FIRST TO OFFER NVIDIA GPU ACCELERATION
San Francisco, CA, May 19, 2010–
Marketcetera, a developer of innovative open source software solutions for algorithmic electronic trading, today announced the first result of a new partnership with Lakeview Capital Market Service GmbH, an investment, technology and consulting provider based in Starnberg, Germany. As of today, Lakeview is offering cutting edge high performance computing options for the Marketcetera platform that leverage the parallel processing power of NVIDIA graphics processing units (GPUs)
Using these performance options, common calculations such as theoretical prices, implied volatilities, implied dividends and correlations as well as risk simulations, amongst others, can be done on NVIDIA GPUs, offering speed ups of 10-200x, depending on calculation, in comparison to current commercial trading systems that run calculations on traditional hardware.
Marketcetera is breaking speed barriers for complex calculations and system performance with this offering and is among the first trading system generally available to the public offering such advanced features. With this offering, the open source offering is overtaking its commercial rivals in implementing cutting edge technology first.
"We are excited to offer such cutting edge technology to customers of Marketcetera,” said Peter van Kleef, Managing Director at Lakeview. “Speed and minimal latency have become extremely important to our customers and we are now able to offer them the lowest possible latency at an extremely competitive cost.”
"NVIDIA GPUs enable traders and strategy developers to run their trading at speeds previously thought impossible,” said Jerry Chen, Senior Manager for Financial Markets at NVIDIA. "We are proud to see that the open source community is embracing the latest technologies and making it easily accessible for a broader audience."
“Lakeview’s extensive experience in ultra high frequency trading and quantitative strategies are adding substantial value to our product,” said Roy Agostino, Managing Director for Marketcetera. “Open source is not just about greater control and flexibility – it is also about the ability to build partnerships and incorporate technology that will redefine trading performance – before closed source, proprietary vendors.”
Marketcetera is the only open source platform that can provide a match for any commercial trading system in the market. With Marketcetera, users have access to a cutting edge trading and risk management system at a fraction of the cost of its commercial rivals. Through the unique advantage of being open source, users are able to modify and extend the core system in any way imaginable and therefore ensure that the resulting system matches their requirements 100%. Total cost of ownership is a fraction of rival commercial systems. Marketcetera and Lakeview both have a strong commitment to open source technology and to making cutting edge technology affordable.
By taking an open source approach Marketcetera gives traders around the world a robust, reliable and secure trading platform with unparalleled transparency and extensibility. Whether clients use the platform as is, or leverage it as a base on which to build their own customized solution, they will get to market more quickly and at a far lower cost. No waiting for vendors. No starting software development from scratch. No giving up their confidential strategies to a third party. Clients retain full control over their platform, enabling them to take it wherever they want it to go.
For more information, visit www.marketcetera.com.
Lakeview Capital Market Services (LCMS) provides a wide range of services designed to make its customers more successful in the global financial markets. Its senior partners have built many financial markets businesses from scratch, and are able to guide customers from their first steps to the last tweaks for their most sophisticated strategies and infrastructure issues.
Key areas of Lakeview's business are Investment & Technology Services, Training & Consulting as well as Platforms and Networks.Lakeview is an expert in building and implementing highly sophisticated trading and risk management infrastructure for cash and derivatives, as well as the supporting models and algorithms.
Many of the highest frequency and lowest latency players in the global cash and derivatives markets are currently taking advantage of the unique outsourcing opportunities for core business competencies that Lakeview offers. Services range from intermediation and consulting services to hands on support for customers, helping them to solve their most challenging issues. Lakeview places a high value on the sustainability and adaptability of services and solutions that it provides to its customers. Lakeview Capital Market Services is actively seeking long-term partnerships with its clients and always puts its customers interests first. All products are developed with the clients needs in mind. Lakeview is here to make its customers successful. For more information, visit www.lakeview-cms.com