OpenMAMA Project Launched by The Linux Foundation

OpenMAMA, a middleware agnostic project, enables users to embrace new middleware technologies and applications as the market changes, will be hosted by The Linux Foundation.

Bank of America Merrill Lynch, EMC, Exegy, Fixnetix, J.P. Morgan and NYSE Technologies will form the Steering Group to collaborate on OpenMAMA, in collaboration with The Linux Foundation.

“The open source development model is powerful. 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.” - said Jim Zemlin, executive director at The Linux Foundation.

The MAMA API was build in 2002 with the goal of enabling banks and hedge funds to distribute market data throughout their ticker plants regardless of the underlying middleware.