fixed income trading

[Boris Ribalkin]

Hello,

Anybody has experience creating adapters for getting market data and
fixed income trading through MarketAxess (http://www.marketaxess.com/)
in marketcetera platform?

If no, how hard it is to create such adapter in the platform?
As I understand there will be not so difficult to create adapter to
market data.
But what about FI trading
(http://www.fixprotocol.org/implementation-guide/process.shtml) it
requires some negotiation process, does Photon supports that?


--
Best regards,
Boris Ribalkin, Software Developer,
DataArt - Enjoy IT
E-mail: [hidden email]
Skype: BorisRibalkin
Phone: [phone]
www.DataArt.com
_______________________________________________
m-etc-users mailing list
[hidden email]
http://lists.marketcetera.org/cgi-bin/mailman/listinfo/m-etc-users

[gm-mrktc]

Hi Boris,

I'm glad that you guys are still interested in the Marketcetera platform.  Marketcetera has not, to date, addressed fixed income trading on any level, so you would be striking out into new territory.  My guess is that this undertaking would be non-trivial given the completely different message flows required by fixed-income trading.  The earliest it would be on our plan would be toward the end of 2008, as we are focusing on other asset types for the near future.  Regardless, we would be happy to brainstorm with you about how to build out that functionality, should you be so inclined.  Let us know.

Thanks.

graham

On 1/21/08, Boris Ribalkin <[hidden email]> wrote:

Hello,

Anybody has experience creating adapters for getting market data and
fixed income trading through MarketAxess (http://www.marketaxess.com/)
in marketcetera platform?

If no, how hard it is to create such adapter in the platform?
As I understand there will be not so difficult to create adapter to
market data.
But what about FI trading
( http://www.fixprotocol.org/implementation-guide/process.shtml) it
requires some negotiation process, does Photon supports that?


--
Best regards,
Boris Ribalkin, Software Developer,
DataArt - Enjoy IT
E-mail: [hidden email]
Skype: BorisRibalkin
Phone: [phone]
www.DataArt.com
_______________________________________________
m-etc-users mailing list
[hidden email]
http://lists.marketcetera.org/cgi-bin/mailman/listinfo/m-etc-users

--
Marketcetera Trading Platform
download.run.trade.
www.marketcetera.org
_______________________________________________
m-etc-users mailing list
[hidden email]
http://lists.marketcetera.org/cgi-bin/mailman/listinfo/m-etc-users

[Boris Ribalkin]

Some javascript/style in this post has been disabled (why?)

Hi, right know we are close to the beginning of building for our client a FIX adapter for Market data and FI trading messages using FIX 4.4 (MarketAxess as a vendor).

Our client’s platform right now can only do equity trading and they do not want us to touch it, so they asked to create some implementation of a simple client platform for that adapter.

 

I think it will be good to use such platform as marketcetera for that adapter.

 

What do you think? What about licensing, do they need to buy licenses? I do not think they are ready to open source the adapter code L

 

--

Best regards,

Boris Ribalkin, Software Developer,

DataArt - Enjoy IT

E-mail: [hidden email]

Skype: BorisRibalkin

Cell (NY): [phone]

Phone (SPB): [phone]

www.DataArt.com

---

From: Graham Miller [mailto:[hidden email]]
Sent: Monday, January 21, 2008 3:10 PM
To: Boris Ribalkin
Cc: [hidden email]
Subject: Re: [m-etc-users] fixed income trading

 

Hi Boris,

I'm glad that you guys are still interested in the Marketcetera platform.  Marketcetera has not, to date, addressed fixed income trading on any level, so you would be striking out into new territory.  My guess is that this undertaking would be non-trivial given the completely different message flows required by fixed-income trading.  The earliest it would be on our plan would be toward the end of 2008, as we are focusing on other asset types for the near future.  Regardless, we would be happy to brainstorm with you about how to build out that functionality, should you be so inclined.  Let us know.

Thanks.

graham

On 1/21/08, Boris Ribalkin <[hidden email]> wrote:

Hello,

Anybody has experience creating adapters for getting market data and
fixed income trading through MarketAxess (http://www.marketaxess.com/)
in marketcetera platform?

If no, how hard it is to create such adapter in the platform?
As I understand there will be not so difficult to create adapter to
market data.
But what about FI trading
( http://www.fixprotocol.org/implementation-guide/process.shtml) it
requires some negotiation process, does Photon supports that?


--
Best regards,
Boris Ribalkin, Software Developer,
DataArt - Enjoy IT
E-mail: [hidden email]
Skype: BorisRibalkin
Phone: [phone]
www.DataArt.com
_______________________________________________
m-etc-users mailing list
[hidden email]
http://lists.marketcetera.org/cgi-bin/mailman/listinfo/m-etc-users

--
Marketcetera Trading Platform
download.run.trade.
www.marketcetera.org

_______________________________________________
m-etc-users mailing list
[hidden email]
http://lists.marketcetera.org/cgi-bin/mailman/listinfo/m-etc-users

[gm-mrktc]

Some javascript/style in this post has been disabled (why?)

Boris,

That sounds like a great idea.  This is exactly what we are trying to enable with the open source platform. 

I am not a lawyer, but my understanding is that building and delivering a "work for hire" as part of a consulting contract does not make you a "distributor" under the terms of the GPL.  The upshot of this is that you are free to use the product under the GPL, and provided your customer retains all copyrights to the produced product, there is no requirement to release the source (that is the copyleft clause is not invoked).

One caveat: to date, we have not guaranteed backward compatibility in APIs between versions.  As we work toward a 1.0, we are working to clearly demarcate the division between internal and external APIs, and will work to freeze the external APIs, such as market data access.  Therefore, if you make any changes to the underlying platform, please consider (and ask you client to consider) contributing those changes back to the Marketcetera Platform.  That way we can maintain the code and make sure that it works into the future.

With respect to support there are three options as I see them:

1) You may support the product yourselves.  As long as the terms of the GPL are followed, you are free to sell services based on the Marketcetera platform, including support.
2) The client may opt for no support.  If the company has the resources and will to support the product in house, they are free to go that route.
3) You may opt for professional support from Marketcetera.
We are currently contracting on a case-by-case basis for support, though we are working to put together a standard package that you could market to your clients.  Please let me know if you would like to know more.

I hope this answers your questions.

graham

On 2/4/08, Boris Ribalkin <[hidden email]> wrote:

Hi, right know we are close to the beginning of building for our client a FIX adapter for Market data and FI trading messages using FIX 4.4 (MarketAxess as a vendor).

Our client's platform right now can only do equity trading and they do not want us to touch it, so they asked to create some implementation of a simple client platform for that adapter.

 

I think it will be good to use such platform as marketcetera for that adapter.

 

What do you think? What about licensing, do they need to buy licenses? I do not think they are ready to open source the adapter code L

 

--

Best regards,

Boris Ribalkin, Software Developer,

DataArt - Enjoy IT

E-mail: [hidden email]

Skype: BorisRibalkin

Cell (NY): [phone]

Phone (SPB): [phone]

www.DataArt.com

---

From: Graham Miller [mailto:[hidden email]]
Sent: Monday, January 21, 2008 3:10 PM
To: Boris Ribalkin
Cc: [hidden email]
Subject: Re: [m-etc-users] fixed income trading

 

Hi Boris,

I'm glad that you guys are still interested in the Marketcetera platform.  Marketcetera has not, to date, addressed fixed income trading on any level, so you would be striking out into new territory.  My guess is that this undertaking would be non-trivial given the completely different message flows required by fixed-income trading.  The earliest it would be on our plan would be toward the end of 2008, as we are focusing on other asset types for the near future.  Regardless, we would be happy to brainstorm with you about how to build out that functionality, should you be so inclined.  Let us know.

Thanks.

graham

On 1/21/08, Boris Ribalkin <[hidden email]> wrote:

Hello,

Anybody has experience creating adapters for getting market data and
fixed income trading through MarketAxess (http://www.marketaxess.com/)
in marketcetera platform?

If no, how hard it is to create such adapter in the platform?
As I understand there will be not so difficult to create adapter to
market data.
But what about FI trading
( http://www.fixprotocol.org/implementation-guide/process.shtml) it
requires some negotiation process, does Photon supports that?


--
Best regards,
Boris Ribalkin, Software Developer,
DataArt - Enjoy IT
E-mail: [hidden email]
Skype: BorisRibalkin
Phone: [phone]
www.DataArt.com
_______________________________________________
m-etc-users mailing list
[hidden email]
http://lists.marketcetera.org/cgi-bin/mailman/listinfo/m-etc-users

--
Marketcetera Trading Platform
download.run.trade.
www.marketcetera.org

--
Marketcetera Trading Platform
download.run.trade.
www.marketcetera.org
_______________________________________________
m-etc-users mailing list
[hidden email]
http://lists.marketcetera.org/cgi-bin/mailman/listinfo/m-etc-users

[Boris Ribalkin]

Some javascript/style in this post has been disabled (why?)

Hi,

 

Thank you for your answers!

So as long as our client will not distribute that solution (it will be only sample to show how to work with our adapter) they are safe from any legal problems with GPL.

 

So can you point me to some documentation or example how to implement market data adapter for the platform?

 

I want to say that for DataArt it might be a good chance to learn your platform more instead of building something we do not need right now.

And of cause if our client agree with using your platform we will speak with them about possibility of contributing the code.

 

--

Best regards,

Boris Ribalkin, Software Developer,

DataArt - Enjoy IT

E-mail: [hidden email]

Skype: BorisRibalkin

Cell (NY): [phone]

Phone (SPB): [phone]

www.DataArt.com

---

From: Graham Miller [mailto:[hidden email]]
Sent: Tuesday, February 05, 2008 12:25 PM
To: Boris Ribalkin
Cc: [hidden email]
Subject: Re: [m-etc-users] fixed income trading

 

Boris,

That sounds like a great idea.  This is exactly what we are trying to enable with the open source platform. 

I am not a lawyer, but my understanding is that building and delivering a "work for hire" as part of a consulting contract does not make you a "distributor" under the terms of the GPL.  The upshot of this is that you are free to use the product under the GPL, and provided your customer retains all copyrights to the produced product, there is no requirement to release the source (that is the copyleft clause is not invoked).

One caveat: to date, we have not guaranteed backward compatibility in APIs between versions.  As we work toward a 1.0, we are working to clearly demarcate the division between internal and external APIs, and will work to freeze the external APIs, such as market data access.  Therefore, if you make any changes to the underlying platform, please consider (and ask you client to consider) contributing those changes back to the Marketcetera Platform.  That way we can maintain the code and make sure that it works into the future.

With respect to support there are three options as I see them:

1) You may support the product yourselves.  As long as the terms of the GPL are followed, you are free to sell services based on the Marketcetera platform, including support.
2) The client may opt for no support.  If the company has the resources and will to support the product in house, they are free to go that route.
3) You may opt for professional support from Marketcetera.
We are currently contracting on a case-by-case basis for support, though we are working to put together a standard package that you could market to your clients.  Please let me know if you would like to know more.

I hope this answers your questions.

graham

On 2/4/08, Boris Ribalkin <[hidden email]> wrote:

Hi, right know we are close to the beginning of building for our client a FIX adapter for Market data and FI trading messages using FIX 4.4 (MarketAxess as a vendor).

Our client's platform right now can only do equity trading and they do not want us to touch it, so they asked to create some implementation of a simple client platform for that adapter.

 

I think it will be good to use such platform as marketcetera for that adapter.

 

What do you think? What about licensing, do they need to buy licenses? I do not think they are ready to open source the adapter code L

 

--

Best regards,

Boris Ribalkin, Software Developer,

DataArt - Enjoy IT

E-mail: [hidden email]

Skype: BorisRibalkin

Cell (NY): [phone]

Phone (SPB): [phone]

www.DataArt.com

---

From: Graham Miller [mailto:[hidden email]]
Sent: Monday, January 21, 2008 3:10 PM
To: Boris Ribalkin
Cc: [hidden email]
Subject: Re: [m-etc-users] fixed income trading

 

Hi Boris,

I'm glad that you guys are still interested in the Marketcetera platform.  Marketcetera has not, to date, addressed fixed income trading on any level, so you would be striking out into new territory.  My guess is that this undertaking would be non-trivial given the completely different message flows required by fixed-income trading.  The earliest it would be on our plan would be toward the end of 2008, as we are focusing on other asset types for the near future.  Regardless, we would be happy to brainstorm with you about how to build out that functionality, should you be so inclined.  Let us know.

Thanks.

graham

On 1/21/08, Boris Ribalkin <[hidden email]> wrote:

Hello,

Anybody has experience creating adapters for getting market data and
fixed income trading through MarketAxess (http://www.marketaxess.com/)
in marketcetera platform?

If no, how hard it is to create such adapter in the platform?
As I understand there will be not so difficult to create adapter to
market data.
But what about FI trading
( http://www.fixprotocol.org/implementation-guide/process.shtml) it
requires some negotiation process, does Photon supports that?


--
Best regards,
Boris Ribalkin, Software Developer,
DataArt - Enjoy IT
E-mail: [hidden email]
Skype: BorisRibalkin
Phone: [phone]
www.DataArt.com
_______________________________________________
m-etc-users mailing list
[hidden email]
http://lists.marketcetera.org/cgi-bin/mailman/listinfo/m-etc-users

--
Marketcetera Trading Platform
download.run.trade.
www.marketcetera.org

--
Marketcetera Trading Platform
download.run.trade.
www.marketcetera.org

_______________________________________________
m-etc-users mailing list
[hidden email]
http://lists.marketcetera.org/cgi-bin/mailman/listinfo/m-etc-users

[toli]

Boris,

> So as long as our client will not distribute that solution (it will be only sample to show how to work with our adapter) they are safe from any legal problems with GPL.

that is correct.

> So can you point me to some documentation or example how to implement market data adapter for the platform?

Take a look at the org.marketcetera.marketdata package at
http://trac.marketcetera.org/trac.fcgi/browser/platform/trunk/core/src/main/java/org/marketcetera/marketdata

It's essentially a collection of interfaces and abstract classes for
implementing FIX-based market data adapters. We wrote the simulated
Marketcetera datafeed based on FIX, and Photon (the GUI client) has an
adapter implemented for it at
http://trac.marketcetera.org/trac.fcgi/browser/client/photon/trunk/plugins/org.marketcetera.marketdata/src/main/java/org/marketcetera/marketdata

We've implemented the Currenex adapter for our customers in the
similar fashion, but we can't open-source it yet for licensing
reasons.

> I want to say that for DataArt it might be a good chance to learn your platform more instead of building something we do not need right now.

That is essentially the main reason why we've created Marketcetera -
there's no point reinventing the wheel. It's our hope that people can
use Marketcetera as a starting point for projects such as yours and be
able to leverage the work that we and others have done so far.

Let me know if you have any questions, i'd be happy to work closely
with you on developing your adapter. We have grown the team and are
going to focus on writing a few adapters ourselves, so this may be a
collaborative process.


--
Toli Kuznets
http://www.marketcetera.com: Open-Source Trading Platform
download.run.trade.
_______________________________________________
m-etc-users mailing list
[hidden email]
http://lists.marketcetera.org/cgi-bin/mailman/listinfo/m-etc-users