NEW YORK--()--NYSE Technologies, the commercial technology unit of NYSE Euronext (NYX), today announced that it has open sourced its Middleware Agnostic Messaging Application Programming Interface (MAMASM), now called OpenMAMA. As a vendor neutral platform driven by the financial services technology community, OpenMAMA enables companies to protect their technology investments and help remove the friction in implementing new trading technology solutions across their technology operations utilizing a simple, consistent API.
“We believe industry collaboration will only yield the best results and outcome for our universal trading, market data and risk control customer base.”
Hosted by The Linux Foundation, OpenMAMA is supported by a steering committee of some of the most recognized names in financial services, including J.P. Morgan, Bank of America Merrill Lynch, EMC, Exegy and Fixnetix, among others. This newly open-sourced code establishes a new industry standard delivering greater flexibility and reduced development times with an underlying goal of lowering costs and building broader support for a range of interconnected programs. OpenMAMA offers a robust set of features with unmatched reliability and performance that ensure a uniform, future-proof middleware messaging solution for financial services firms. It is available through the Linux Foundation project today and the steering committee will announce new members and participants to the OpenMAMA initiative in the coming months.
"NYSE Technologies’ vision has always been to create a new breed of capital markets community that benefits from our extensive global network and utilizes the best, most innovative technologies from a range of service providers, not just ourselves,” said Stanley Young, CEO, NYSE Technologies. “Launching OpenMAMA through the Linux Foundation is another step toward achieving that goal. Through the industry steering committee, we are positioning ourselves alongside our peers and customers to become expert consultants for open sourced capital markets technology. We have created a vibrant customer community of over 150 market participants using MAMATM, and now with OpenMAMA, customers and firms everywhere will benefit from third-party contributors creating an even richer and more compelling API.”
Additionally, NYSE Technologies has worked with a diverse range of vendors and financial institutions at the forefront of technological innovation to create a steering group comprised of industry leaders building and utilizing financial technology applications. Collectively, the committee will determine OpenMAMA’s development roadmap, funding, strategy and product direction. As the OpenMAMA community grows, the steering committee composition could change to incorporate new members that join through the Linux Foundation.
Scott Parsons, CTO, Exegy added, “OpenMAMA is a very exciting chance for the industry to collaborate and architect the functionality and direction of a key piece of infrastructure. Using the MAMA API, we can now design a platform that strikes a unique balance of performance, interoperability and future proofing that has never been done before.”
“Fixnetix is pleased to join leading members of the global banking, hedge fund and proprietary trading community for the Linux Foundation steering committee on OpenMAMA,” says Anthony Kingsnorth, Director of Operations, Fixnetix. “We believe industry collaboration will only yield the best results and outcome for our universal trading, market data and risk control customer base.”
NYSE Technologies decision to open the MAMA platform creates an easily accessible architecture and proves its commitment to true strategic partnership with its customers. The benefits of the OpenMAMA platform are further strengthened by NYSE Technologies’ innovative plan to publish an industry-wide standardized data model. Furthermore, the OpenMAMA project will release the Middleware Agnostic Market Data API (MAMDA Aerly next year. MAMDA will provide users with the ability to publish and consume market data from multiple sources and vendors in a standardized format onto the open platform to help market participants better leverage technology assets and innovate more rapidly.
As market activity evolves and customer needs change, OpenMAMA will continue to be an open, flexible and efficient means of developing and deploying new, event-driven applications. The first release of OpenMAMA is available now with substantial updates expected through March 2012.
For more information, please visit: http://nysetechnologies.nyx.com/data-technology/openmama, http://www.openmama.org or http://www.linuxfoundation.org
About NYSE Technologies
A division of NYSE Euronext (NYX), NYSE Technologies provides broadly accessible, comprehensive connectivity and transaction capabilities, data and infrastructure services, and managed solutions for a range of customers requiring next-generation performance and expertise for mission critical and value-added trading services. NYSE Technologies offers a diverse array of products, services and solutions to: the Buy Side, including order routing, liquidity discovery and access to a community of over 630 Broker-Dealers and execution destinations globally; the Sell Side, including high performance, end-to-end messaging software and innovative market data products delivered on the world’s largest, most reliable financial transaction network; and Market Venues and Exchanges, including multi-asset exchange platform services, managed services and expert consultancy. With offices across the U.S., Europe, and Asia, NYSE Technologies offers advanced integrated solutions for the global capital markets community, earning the ability to power trading operations for many of the world’s best financial institutions and exchanges. For additional information visit: http://nysetechnologies.nyx.com
About The Linux Foundation
The Linux Foundation is a nonprofit consortium dedicated to fostering the growth of Linux. Founded in 2007, the organization sponsors the work of Linux creator Linus Torvalds and promotes, protects and advances the Linux operating system by marshaling the resources of its members and the open source development community. The Linux Foundation provides a neutral forum for collaboration and education by hosting Linux conferences, including LinuxCon, and generating original Linux research and content that advances the understanding of the Linux platform. Its web properties, including Linux.com, reach approximately two million people per month and include important Linux video resources. The organization also provides extensive Linux training opportunities that feature the Linux kernel community’s leading experts as instructors. Follow The Linux Foundation on Twitter.
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