Marketcetera Appoints Financial Technology Pioneer to Board of Directors

Market Wire, March, 2009

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.

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