The Linux Foundation has announced that several leaders in the financial services industry have joined forces to announce OpenMAMA, a new open-source project to deliver a high-performance messaging interface that can speed time to market for new applications.
The foundation said 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. The OpenMAMA Project announced version 1.1 of OpenMAMA Oct. 31.
According to the Linux Foundation, 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 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, according to foundation officials.
In an Oct. 31 blog post, Michael Schonberg, director of high performance messaging at NYSE Euronext, said:
" The initial release which is available today consists of the MAMA C API for Linux only; however, rest assured that we intend to open the entire MAMA code base including C++, Java (JNI), and .NET bindings as well as Windows and Solaris support over the next few months. We will provide the additional components and functionality incrementally with the goal of completing the process in the first quarter of 2012."
"The open source development model is powerful," Jim Zemlin, executive director at The Linux Foundation, said in a statement. "By collaborating on the OpenMAMA project, companies can accelerate technology advancements while adapting to industry changes. By providing support and infrastructure for important projects like OpenMAMA, we can help advance Linux and open source software."
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, Linux Foundation officials said. 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.
This article was originally published on 11-01-2011