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NYSE Technologies is the IT division of NYSE Euronext, the company that operates the New York Stock Exchange and various other exchanges across the globe. In essence, it provides tech services to the financial outfits that use these exchanges — investment banks and hedge funds and other trading firms.
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.
http://www.wired.com/wiredenterprise/2011/10/nyse-open-mama/
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.
http://www.wired.com/wiredenterprise/2011/10/nyse-open-mama/