eWEEK content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More.
The Linux Foundations Linux Foundation Labs has announced the availability of OpenMAMA 2.1, the open-source Middleware Agnostic Messaging API and the first neutral standard in data messaging for financial services.
The project today is also welcoming three new Steering Committee participants: IBM, Tick42 (formerly known as DOT) and TS-Associates. Founding members for the project include Bank of America Merrill Lynch, EMC, Exegy, Fixnetix and NYSE Technologies, which originally created the MAMA platform.
Announced last fall, the OpenMAMA project is an open-source application programming interface (API) that connects multiple transports and applications. Collaboration among companies and the Linux and open-source communities today is enabling users to embrace new, common middleware technologies and applications as the market changes. It also helps organizations reduce their total cost of ownership and time to market for event-driven applications and ensures high performance, both in terms of throughput and message latency.
The OpenMAMA project represents what all Linux Foundation Labs projects represent: collaboration at its best, Jim Zemlin, executive director at the Linux Foundation, said in a statement. OpenMAMA and open-source software are accelerating for the messaging layer of the stack what Linux is doing for the OS level of the software stack: driving innovation to support the largest number of complex transactions in real-time. The companies contributing to these efforts are leaders in their respective areas, and were happy to see the tremendous progress that together theyre making.
OpenMAMA 2.1’s features and technologies include the Middleware Agnostic Market Data API (MAMDA), which adds a market-specific data application development framework that includes support for quotes, trades and order books. OpenMAMA will ultimately serve as the reference implementation of the NYSE Data Model.
We are truly excited to see OpenMAMA delivered to the financial services community to become a core building block of future innovation in trading technology, said Stanley Young, CEO of NYSE Technologies, said in a statement. I thank my colleagues at NYSE Technologies and the OpenMAMA steering committee for their leadership and dedication to bringing this first-of-a-kind initiative to the marketplace.
OpenMAMA also features support for C++, Java and Windows. OpenMAMA is built using the C programming language and is designed to run on Linux. New contributions include wrappers that allow programmers to develop OpenMAMA applications written in C++ and Java, and to deploy these applications on Windows as well as Linux.
The new release also features integration of NYSE Technologies Open Data Model Project, which provides an end-to-end open platform for facilitating and simplifying the consolidation of market data with independent technology, encoding formats and distribution mechanisms. This will include support for 200+ data-fed venues globally and is expected to be compliant with NYSE Technologies Market Data Platform, the foundation said.
In addition, OpenMAMA 2.1 takes advantage of the completion of the AMQP Bridge, which integrates OpenMAMA with the standard protocol for interoperability among all messaging middleware. For more information about the OpenMAMA and AMQP collaboration, go here.
The Advanced Message Queuing Protocol (AMQP) is an open standard application layer protocol for message-oriented middleware. The defining features of AMQP are message orientation, queuing, routing (including point-to-point and publish-and-subscribe), reliability and security.
More and more vendors are adopting OpenMAMA. For instance, Exegy on April 30 announced it is now delivering data from an Exegy Ticker Plant through OpenMAMA.
The OpenMAMA project members are meeting today with Linux kernel developers at the Linux Foundation Enterprise End User Summit to discuss these new features and to discuss what comes next.
To participate in the OpenMAMA project, click here.