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By Darryl K. Taft  |  Posted 2006-06-19 Print this article Print

Meanwhile, as JPMorgan and others join to launch AMQP, other companies are working on building open-source software stacks targeting the financial services sector. And AMQP could play a role in these stacks. The stacks include support for financial services standards such as SWIFT (Society for Worldwide Interbank Financial Telecommunication) and FIX (Financial Information eXchange) standards. For instance, SpikeSource, a provider of certified open-source stacks based in Redwood City, Calif., is working with Volanté Technologies, of New York, to provide stacks of software that are open-source or a combination of open- and closed-source software for financial services customers. Volanté products are fully configured and optimized for use with SpikeSource Spike Stacks.
"Business-savvy professionals in financial services do not have to think twice about open-source products now," said Vijay Oddiraju, CEO of Volanté Technologies, in a statement. "By running a SWIFT-certified solution on an open-source stack fully supported by SpikeSource, customers are assured of a reliable and risk-free offering."
He said Volanté is committed to providing customers with the flexibility to choose their platform, open source being one of them. Meanwhile, SourceLabs, a Seattle-based competitor to SpikeSource, is attacking the effort differently, but targeting financial services with its certified open-source stack as a whole. "Financial services companies internal development teams are under more time-to-market pressure, and thus tend to be more innovative and empowered in selecting their platforms," said Cornelius Willis, vice president of marketing at SourceLabs. "The Wall Street firms led the way in Unix adoption, then Linux adoption; now theyre leading way in open-source adoption beyond the operating system." Check out eWEEK.coms for the latest open-source news, reviews and analysis.

Darryl K. Taft covers the development tools and developer-related issues beat from his office in Baltimore. He has more than 10 years of experience in the business and is always looking for the next scoop. Taft is a member of the Association for Computing Machinery (ACM) and was named 'one of the most active middleware reporters in the world' by The Middleware Co. He also has his own card in the 'Who's Who in Enterprise Java' deck.

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