Financial Services Industry Leads Collaboration on New OpenMAMA Project
The Linux Foundation to host development on common messaging interface that speeds time to market for new applications
SAN FRANCISCO, Calif., October 31, 2011 – Major industry leaders today joined forces to announce the OpenMAMA open source project.
Bank of America Merrill Lynch, EMC, Exegy, Fixnetix, J.P. Morgan and NYSE Technologies will form the Steering Group to collaborate on OpenMAMA, a high performance Middleware Agnostic Messaging API (MAMA) that provides a common, consistent layer over a variety of message-oriented middlewares.
OpenMAMA will be hosted by The Linux Foundation, which provides a neutral framework and governance infrastructure on top of which communities can innovate. OpenMAMA joins a variety of other projects hosted by the organization as part of Linux Foundation Labs. Companies that participate on projects hosted at The Linux Foundation use collaboration to advance Linux and open source technologies. A new course offered by The Linux Foundation titled “Practical Guide to Open Source Development” helps companies understand this process.
Until now there has not been a common open source API that connects multiple transports to applications. The move to high volume, low latency messaging in multiple market sectors has created the need for an open source project and standard. The OpenMAMA project will provide a way for companies to collaborate across industries and accelerate adoption of this common API for any architecture.
As a middleware agnostic project, OpenMAMA enables users to embrace new middleware technologies and applications as the market changes. It also helps organizations speed time to market for “event-driven” applications and ensures high performance, both in terms of throughput and message latency.
To see supporting comments about OpenMAMA, please visit: https://www.linuxfoundation.org/news-media/announcements/2011/10/support-openmama-project
The financial services industry is often recognized for developing advanced technologies that accelerate complex transactions. Linux has become the dominant operating system in this environment due, in part, to its ability to support the largest number of complex transactions in real-time. For example, NYSE, which is the world’s largest exchange and runs on Linux, generates 1.5 million quotes and processes 250,000 orders every second.
Companies in financial services, telecommunications and High Performance Computing (HPC), among other industries, are looking to open source software and best practices to drive this same kind of innovation at the middleware level.
“The open source development model is powerful. By collaborating on the OpenMAMA project, companies can accelerate technology advancements while adapting to industry changes,” said Jim Zemlin, executive director at The Linux Foundation. “By providing support and infrastructure for important projects like OpenMAMA, we can help advance Linux and open source software.”
The MAMA API was originally conceived in 2002 with the goal of enabling banks and hedge funds to distribute market data throughout their ticker plants regardless of the underlying middleware. This resulted in reduced development times, lower costs and broader support for a range of interconnected systems and applications.
To start participating in the OpenMAMA project, please visit: http://www.openmama.org.
About The Linux Foundation
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