Marketcetera Appoints Financial Technology Pioneer to Board of Directors

Mon Mar 23, 2009 3:15pm EDT

* Reuters is not responsible for the content in this press release.

  NEW YORK, NY and SAN FRANCISCO, CA, Mar 23 (MARKET
WIRE) -- 
Marketcetera, the leader in open source platforms for automated trading,
has appointed W. Brennan Carley to its board of directors.

    Carley has held C-level and board positions at financial services
powerhouses such as BT Radianz, Reuters, Instinet, NYFIX, Warburg Pincus,
and is currently Managing Principal at Proton Advisors, an independent
consulting firm for the financial services technology and
telecommunications industries. He has extensive experience building and
growing ground-breaking financial technology businesses, with experience
ranging from VC funded startups through private equity-backed and public
companies.

    "Market forces have redefined what traditional financial institutions look
like and raised the bar in terms of what they expect from their service
providers," said Graham Miller, CEO, Marketcetera. "The curtain has closed
on slow and expensive proprietary systems creating a perfect opportunity
for companies like Marketcetera to define a new era of fast, open, and
extensible products that redefine value to financial customers. With
experienced and influential leaders like Brennan on our board,
Marketcetera will continue to set the pace for a smarter and more
efficient Wall Street."

    Carley founded Radianz (now called BT Radianz) in 2000 and was responsible
for strategy, products, technology, and operations. Prior to Radianz, he
was senior vice president of strategic planning at Reuters.

    "The financial services industry can't escape the new day dawning on Wall
Street," said Carley. "Marketcetera has the vision, ambition, and audacity
to retool the fundamentals of how trading platforms are built and change
the future of financial markets technology. I look forward to adding my
experience to a stellar team so I can help Marketcetera capture the
opportunities created by the current revolution in the financial markets."

    Before joining Reuters, Carley ran Information Technology for Instinet,
and before that held a series of positions at IBM in consulting, systems
engineering and marketing, primarily focused on distributed systems and
networks in the financial services industries. He began his career with
IBM as a programmer responsible for operating system and communications
software development.

    Carley received his bachelor's degree in economics from New York
University and studied at Harvard Business School, MIT Sloan School of
Management, and Columbia Business School.

    About Marketcetera

    Marketcetera (www.marketcetera.com) provides open source software for
automated trading systems. By providing maximum flexibility and technology
choice to financial services institutions of all sizes, Marketcetera's
platform lets brokers and traders build effective automated trading
systems, develop proprietary algorithms, create order management solutions
and manage risk faster, easier and at much lower cost than with closed
platforms.

    Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=945100


Media Contacts:

East Coast:
Steph Johnson
Feintuch Communications
212.808.4904
marketcetera@feintuchpr.com

West Coast:
Jenna Boller
Page One PR
415.321.2344
marketcetera@pageonepr.com

Copyright 2009, Market Wire, All rights reserved.

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