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Divergent Takes on the High-Speed Trading Platform

A pair of start-ups have taken very different approaches to developing trading systems that reach around the world and across asset classes.

Jersey City, N.J.-based Mantara has created a full-blown solution, from ticker plant through execution, that it plans to offer as a hosted service. San Francisco-based Marketcetera, on the other hand, has built an open-source platform that a hedge fund can download at no charge--the vendor anticipates making money through custom development.

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