Wall Street Won’t Share the Wealth

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dedanna1029
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Wall Street Won’t Share the Wealth

Postby dedanna1029 » 03 Nov 2011, 22:38

But it will share the code, OpenMAMA
For years, it has charged these companies to stream market data through an online interface it calls MAMA (Middleware Agnostic Messaging API). MAMA has been in use since the middle of the last decade, letting banks and funds tap into an NYSE software platform that streams data from more than 200 global markets.

But on Monday NYSE Technologies abandoned the profit motive and open sourced MAMA. The idea is to create a standard interface for all market data services, so that even the smallest financial institutions can play the markets more easily. The open source incarnation is known as, yes, OpenMAMA, and the hope is that it will be adopted by other outfits streaming market data in much the same way, including Reuters, Bloomberg, Active Financial, and SR Labs.
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viking60
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Re: Wall Street Won’t Share the Wealth

Postby viking60 » 04 Nov 2011, 00:30

A very wise and profitable decision. Open Source can be better business.
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