Marketcetera, developer of open source platforms for automated trading systems, has revealed that Yoram Talmor has joined Marketcetera as vice president of engineering.
In this role, Talmor will be responsible for developing the companys first commercially available algorithmic trading platform, scheduled for release in the fourth quarter of 2008, and providing technical direction for the companys 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. Marketcetera just received $4 million in Series A funding led by Shasta Ventures and Yorams expertise will help take the company from an innovative start-up to a leader in automated financial trading systems,” says Graham Miller, CEO, Marketcetera.
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 applications and managing risk.
“Marketcetera is using open source software and methodologies to give financial institutions an alternative to expensive, monolithic proprietary trading systems. The market for automated trading systems is expected to jump from 30% to more than 60% in the next few years. I am impressed with the potential of Marketceteras technology and with the companys vision to level the playing field when it comes to developing trading strategies,” says Talmor.
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