• Jun
  • 08
  • 2009
  • 3:31 PM

Your MAMA Don't Dance

By: Ray Pellecchia
File Under: NYSE Technologies

But she's one fine Middleware Agnostic Messaging API.

OK, it's Monday. Work with me here.

My NT colleagues (NYSE Technologies) are hosting their second webinar in the NYSE Technologies Academy series on Wednesday, 17 June: "NYSE Technologies' Data Fabric and the Middleware Agnostic Messaging API (MAMA) ~The Choice for Data Distribution."

Conor Allen, head of R&D, will "examine the industry-standard Middleware Agnostic Messaging API (MAMA) and Data Fabric, a combination that forms the foundation and enabler of all NYSE Technologies' solutions. Conor will demonstrate the benefits of Data Fabric in terms of flexibility, performance, future proofing and TCO in the highly competitive capital markets." You'll learn how your organization "can embrace next-generation messaging solutions to achieve ultra low latency and gain significant footprint and cost savings." Specifically:

• Performance - achieve nanosecond latency while maintaining stability.
• Choice - Deploy the most appropriate transport protocol for the task at hand.
• Single API - Use MAMA to integrate Data Fabric applications with those on legacy messaging systems.
• Leverage NYSE Technologies' new Market Data Platform V5 for the ultimate performance in market data distribution.

The webinar is geared toward business and technology executives of trading and investing firms and liquidity venues, including CTOs, system architects, middleware managers, latency-sensitive business-line managers, heads of equities IT, senior developers, system suppliers and media.

The session is at 2 p.m. GMT, 9 a.m. EDT, 3 p.m. CET, 11 p.m. Tokyo. You can click here to sign up to watch it live or to get the replay.

BTW, TCO is total cost of ownership, don't you know. Me, I didn't, until I looked it up just now. API -- application programming interface -- I knew from the use of APIs by our specialists/designated market makers. And for you younger (or older) people, "You're Mama Don't Dance" was a hit single for the duo Loggins & Messina in 1972. Catchy, good sax solo. I have it on a 45. And if you don't know what a 45 is, you techies might think of it as a flat, vinyl, circular device for the storage and replay of music, back in the previous millennium, when no one had yet heard of MP3s or downloads and your humble blogger was just... oh, never mind.

Comments

ray,

Is the NYSE content with the way things are and have been for 2 years? And, now that hybrid has been around for a while...with the benefit of hindsight, is this really what you guys were going for? Finally, are there more things to come, or is this the product we are going to have to live with?

Thanks again for the blog, i still read it daily.

j

by jt on June 9, 2009 11:05 AM

JT -- With Hybrid, we were racing to get into compliance with Reg. NMS. Since then, we've been continually working to enhance our competitiveness and market quality.

You've read here some of the things we've been doing most recently, and I'd like to think they've had a positive impact on market quality. For example, quoted spreads in May were at their tightest since September 2008. And NYSE set the national best bid or offer 41.9 percent of the time, the highest level since October; next highest was NYSE Arca at 21.2 percent.

We are never content, and we are never done. Right now we're in the middle of rolling out a system change that reduces latency from about 100 milliseconds to about 5. We expect that will make it easier for participants to reach the market, and that their orders will get routed to other markets less frequently.

There is more to come, and I'll keep posting these changes here. Thanks for continuing to read, JT.

by Ray Pellecchia on June 9, 2009 12:56 PM

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