Object Trading, a provider of global direct market access (DMA), is adding support for NYSE Technologies’ Middleware Agnostic Messaging API (OpenMAMA) to its FrontRunner DMA suite.
By adding support for OpenMAMA, Object Trading will enable access to worldwide market data via the FrontRunner DMA suite with a seamless, single integration into existing OpenMAMA environments.
OpenMAMA is a high-performance open source Middleware Agnostic Messaging API, developed by NYSE Technologies with the goal of easing the integration of new messaging applications and future-proofing trading infrastructure against growing market data message rates.
Object Trading’s FrontRunner DMA suite reduces the complexities of exchange connectivity by offering sell-side and buy-side firms a single gateway for normalised market access via real-time market data and order execution with in-line pre-trade risk constraints on more than 55 equity, derivative and FX markets globally.
By offering an independent, ready-to-trade solution for a range of screen, algorithmic, and DMA technologies, Object Trading enables firms to streamline their trading infrastructure. By decoupling order generation from market access infrastructure, FrontRunner provides direct market access for all trading desks and systems, enabling firms to build scalable trading solutions and focus on innovation.
FrontRunner removes the limitations to growth as markets multiply and expand in complexity, allowing firms to access new opportunities with minimal investment. More than half of the top tier banks globally use FrontRunner, which supports more than USD100bn in notional value traded on a daily basis.
"We are delighted to offer a comprehensive direct market access solution for existing OpenMAMA users," says Steve Woodyatt, CEO at Object Trading. "Our FrontRunner DMA suite was built to provide firms with a flexible solution for accessing the world’s exchanges using the order generation technologies and data feed sources they choose. The addition of OpenMAMA support is another example of how we are streamlining market access technology for our clients, allowing them to turn resources toward innovation.”