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NYSE Tech to open sources Mama API

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NYSE Technologies has decided to open source the Mama API. NYSE acquired the platform when they acquired Wombat Financial Software back in January 2008. Since then, NYSE Tech has been using Wombat and the Mama API for market data dissimination. They recently went the extra step of open sourcing the Mama/Mamda APIs, trying to solidify their position as the market leader in market data platforms.

Here are some interesting links:

Interesting story to follow…

Update 1:

Here is another article from Security Technology Monitor describing how NYSE is releasing its Middleware Agnostic Messaging Application Programming Interface (MAMA) to the Linux Foundation. MAMA should be renamed OpenMAMA and is intented to be a vendor neutral platform. Exegy, J.P. Morgan, Bank of America Merrill Lynch, EMC and Fixnetix are expected to be part of the OpenMAMA Steering Group.

High-Speed Regulation

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This is an interview of Securities Technology Monitor editor-in-chief Tom Steinert-Threlkeld by Peter Fedysnky, New York correspondent for the Voice of America.

I find it raises interesting questions. The idea of the large data warehouse storing every single trade across market poses interesting technological challenges. Not to mention that once stored, without delays, it needs to be analyzed. And that the only way to really regulate with this information is to be able to dissect trades on same instruments from different firms, trades on different instruments from the same firm, etc. Considering some of these market are not yet electronic, this seem to me like a serious challenge. Not to mention the basic fact that the sheer amount of information collected would it make it very hard to process.