23 September 2017
visit www.avoka.com

Nyse Technologies open sources Mama API

31 October 2011  |  6643 views  |  0 Linux

Nyse Technologies has taken its Middleware Agnostic Messaging Application (Mama) programming interface open source.

Renamed OpenMama and hosted by the Linux Foundation, the vendor-neutral platform will provides a common, consistent layer over a variety of message-oriented middlewares.

The platform is being supported by a steering committee that includes JP Morgan, Bank of America Merrill Lynch, EMC, Exegy and Fixnetix that will work on a development roadmap, funding, strategy and product direction.

OpenMama will enable companies to protect their technology investments and help remove the friction in implementing new trading technology across their operations using a simple, consistent API, says Nyse Technologies.

The newly open-sourced code "establishes a new industry standard delivering greater flexibility and reduced development times with an underlying goal of lowering costs and building broader support for a range of interconnected programs".

Stanley Young, CEO, Nyse Technologies, says: "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 Mama, and now with OpenMama, customers and firms everywhere will benefit from third-party contributors creating an even richer and more compelling API."

Jim Zemlin, executive director, Linux Foundation, adds: "The open source development model is powerful. By collaborating on the OpenMama project, companies can accelerate technology advancements while adapting to industry changes."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Nyse Technologies to develop EU consolidated tape

Nyse Technologies to develop EU consolidated tape

22 November 2010  |  11243 views  |  3 comments
Nyse Technologies creates 400 Northern Ireland jobs

Nyse Technologies creates 400 Northern Ireland jobs

19 October 2009  |  5485 views  |  0 comments
Nyse Euronext begins migration to Universal Trading Platform

Nyse Euronext begins migration to Universal Trading Platform

12 December 2008  |  12258 views  |  1 comments
Nyse Euronext selects Red Hat for move to Linux

Nyse Euronext selects Red Hat for move to Linux

14 May 2008  |  6612 views  |  0 comments
Nyse Euronext to buy Wombat

Nyse Euronext to buy Wombat

14 January 2008  |  8669 views  |  0 comments

Related company news

 

Related company information

JPMorgan Chase

Related blogs

Create a blog about this story (membership required)
visit www.sibos.comvisit www.vasco.comvisit www.capgemini.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
13266 views comments | 28 tweets | 44 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
9462 views comments | 13 tweets | 27 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8545 views comments | 19 tweets | 27 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
8212 views comments | 16 tweets | 1 linkedin
European Commission makes fintech a priority in supervisory shakeupEuropean Commission makes fintech a priori...
8011 views comments | 32 tweets | 45 linkedin

Featured job

A minimum of £200K (not a limiting factor)
London

Find your next job