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The Marketcetera platform is comprised of a series of modules that can b= e snapped together in different combinations like a series of molecules com= bining to create new substances.
Marketcetera modules perform logically discrete functions, interacting t= hrough well-defined interfaces. Modules are independent pieces of functiona= lity that may be packaged separately or even supplied by different vendors.= A module can emit data and / or receive data and / or request data flows. = The Module Framework provides an operating environment for these modules to= exist and exchange data.
This modular design has significant advantages for our customers. Most i= mportantly, it allows us to very quickly create affordable customized deplo= yments for our customers. Unlike monolithic applications (where the smalles= t component is the whole), Marketcetera wrote several smaller modules separ= ately so that, when composed together, they construct the executable applic= ation program. This makes our modular approach far more reusable than a tra= ditional monolithic design, since all of these modules may then be reused w= ithout change in other projects, saving you time and money.
This also facilitates breaking down of projects into several smaller pro= jects so that your implementation will be more easily assembled by large te= ams. No team members are creating the whole system, or even need to know ab= out the system as a whole, they can focus just on the assigned smaller task= . Compared to monolithic applications, our modular system is also easier to= maintain as it is designed to allow repair or replacement of parts of the = application without requiring wholesale replacement.
Here is a typical buy-side workflow that illustrates how some of our key= modules interact. The Market Data Nexus is where the signal comes in to th= e platform. You can connect to multiple market data sources at the same tim= e. The market data is consumed by the various plug-in modules, such as the = UI and Strategy Engine modules. Orders are subsequently created either by a= running strategy or by manually entered by a user. Those orders are passed= to an instance of DARE, our order routing module, which is responsible for= maintaining connections to brokers or other FIX gateways (there can be mor= e than one), and receiving execution reports back from exchanges. DARE will= typically run in a client-based datacentre or be collocated with the broke= r. As the executions flow back from the liquidity destination, their inform= ation is presented in the UI module.
The Marketcetera Module framework provides multiple APIs to integrate wi= th your other trading systems such as black box signal generation, real-tim= e trade drop-copy and event dissemination. This modular architecture gives = you total control over your trading platform at a fraction of the cost of p= roprietary commercial software or in-house solutions.
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