OMD underpins automated market-making systems, electronic trading floors and tick capture platforms, exploiting many data feeds, addressing the need for a standards-based architecture for market data infrastructure. It provides market data subscribing applications with the consolidated infrastructure needed to leverage the best technology available.
This community-developed open standards solution also allows users to better manage their technology choices to improve price performance. OMD optimizes data quality and performance while providing greater value through a flexible and transparent model with new benefits and functionality.
Collaborative Software Initiative invites the global trading community to take advantage of these benefits and gain access to points of liquidity and worldwide markets through our innovative market leading software.
Open Market Data (OMD) Architecture - Management Framework
CSI FeedHandler (CSI FH), a Collaborative Software Initiative product, receives, normalizes, manages and integrates real-time market data from exchange feeds, allowing freedom from current proprietary vendor lock-in while optimizing performance
Market Data Services Applications (MDSA) core team, is a reference implementation of key services (eg, LKV service, entitlement service), allowing financial institutions to take advantage of the latest innovations of hardware and middleware vendors
Market Data Abstraction Layer (MDAL) core team, is a set of tools that allows access to disparate datasets and transport vehicles using transparent, unified, common methods, enhancing flexibility and lowering costs of all industry participants
