NYSE Technologies Offers Middleware as Open Source

November 11, 2011 No Comments

NYSE Technologies, the commercial tech arm of the stock exchange, has turned its middleware API over to Open Source. It said the move would streamline the implementation of new trading technology solutions by provididing a simple, consistent API.

The software which has been handed over to The LInux Foundation is the NYSE Technologies’ Middleware Agnostic Messaging API, known lovingly as MAMA. Now it will be known as OpenMAMA and governed by a steering committee of such finance industry luminaries as J.P. Morgan, Bank of America Merrill Lynch, EMC, Exegy and Fixnetix among others.

“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 MAMAT and now with OpenMAMA, customers and firms everywhere will benefit from third-party contributors creating an even richer and more compelling API.”

This builds on the June announcement

from NYSE Technologies that it was developing a community around its Mahwah, NJ data center and a second data center in the UK.

Read Full Article on Forbes.com


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