OpenMAMA and OpenMAMDA APIs
The open source solutions for vendor-neutral middleware implementation
In 2011, NYSE Technologies approached a number of organizations in the financial services industry and simply asked, “What are the key issues you are facing today, and what technology changes do you really want to see to address these?”
One significant and recurring pain point observed was the ever-increasing complexity customers face every day maintaining and integrating solutions from multiple vendors and various internal proprietary applications (a problem MAMA™has already addressed). When NYSE Technologies investigated why MAMA wasn’t being used to its fullest potential it became clear this was down to fears of vendor lock-in!
Click image to watch NYSE Technologies Managing Director Brian Doherty discuss OpenMAMA℠ with TABB TV.
To address this issue and further our community strategy, NYSE Technologies decided to open source MAMA and MAMDA™, removing the risk of vendor lock-in and create a mature vendor-neutral platform. OpenMAMA enables companies to protect their technology investments and helps remove the friction in implementing new trading technology solutions across their infrastructure by utilizing a simple, consistent API. OpenMAMA, a truly open sourced solution hosted by the Linux foundation, will be driven by those at the forefront of innovation capital markets community through the OpenMAMA steering group.
NYSE Technologies is aiming to supply certified Enterprise Distributions of OpenMAMA to existing and new clients in Q2 2012 so they can benefit from the various contributions from the open source community, as well as from our high quality support services. We will also be launching new consulting services for those wishing to have a direct line into the development expertise on OpenMAMA.
OpenMAMA is now available through the Linux Foundation at http://www.openmama.org.
To view the OpenMAMA roadmap please visit http://www.openmama.org/what-is-openmama/openmama-roadmaps.