OpenGamma.com Options Trading Platform
|March 21st, 2013, 01:49 AM||#1 (permalink)|
San Diego California
Futures Experience: None
Broker/Data: Data: Kinetick, Broker InteractiveBrokers & DeepDiscountTraders
Favorite Futures: CL
Posts: 107 since Apr 2011
Thanks: 77 given, 44 received
OpenGamma.com Options Trading Platform
OpenGamma in numbers
7 million invested into developing the code so far
900,000+ lines of code
12,000 developer days
17,402 test cases
47,040 cans of Dr Pepper Zero
Here is a newish (started development in 09) platform that is open source financial grade trading platform, their focus is institutions not the retail retail customer, but it is completely open source as from the market feeds that they have (do it is open to write your/our feeds).
I have been looking at this with the idea of plugging it into to ninjatrader (well aside from the fact that i am not a coder) but I have been talking with my cousin about it and he is thinking maybe. since nt7 does not support options trading and nt8 is rather muted on a clear decision I think that patching into openGamma is a much stronger platform being that is completely free, it just needs the connected and whatnot (all of the dark coding details go in here).
here is a youtube video of the CEO talking about opengamma
here is what they are saying about their package:
OpenGamma is built on a concept of Radical Openness. While what we're doing is now the norm in many of the areas of technology at the heart of bank and hedge fund IT, it's not yet common for technology vendors specific to financial services firms. We think it represents a new way for financial technology vendors to interact with their customers, partners, and users.
No risk or trading analytics application exists in a vacuum; every firm has their own infrastructure, whether bespoke or vendor-provided, that has to be part of the solution provided to end-users. That's why we designed the OpenGamma Platform from the ground up to support the complex integration requirements modern financial services firms have. We don't believe in forklift upgrades, and OpenGamma installations don't require them.
Every single component in an OpenGamma Platform installation is individually usable in bespoke applications. If all you need for your application is a single component (such as historical time series storage, calculation engine, or market data aggregation services), those can be added to a new or legacy application without using the rest of the Platform.
In addition, every single component is individually replaceable by other components. If you have an existing system (whether built in house or provided by another vendor) that you'd prefer to use rather than the OpenGamma versions, it's easy to replace our version with yours.
This flexibility goes down to the low-level infrastructure we rely on. Want to use a relational database we've not worked with before? Need to use an in-house message-oriented-middleware product? Have a special data encoding the rest of your applications rely on that you need OpenGamma to read and write data in? All of these are easy with OpenGamma. We know: we've done all of these in less than 5 days, start to finish.
Contrast that with traditional vendors in the risk and trading space: they usually start with the concept that they're the only system you have installed, require that you put all your data into their proprietary data formats and databases, and offer very few, inflexible integration points. Our Open Architecture approach is far better suited to the way financial services firms actually operate.
Open Development Methodology
We don't believe that to find out the information you need about our products you should have to run through a gauntlet of salespeople and support staff. We think whether you're evaluating a first-time installation of the OpenGamma Platform, finding out whether behavior you're seeing is a known bug, or trying to see what features are coming in the next release, you must be able to find that information yourself on the internet.
Want to read our documentation? It's online.
Want to see what known bugs are in the Platform? It's online.
Want to see what features are getting implemented in the next releases? It's online.
Want to see which developer worked on a particular API? It's online.
Want to download the entire source code? It's online.
Contrast that with traditional vendors, where even getting access to documentation requires a sales or support enquiry, and where details on bugs or roadmaps is considered competitive information to be shielded from customers and competitors at all costs. Our Open Development Methodology is far better suited to making sure you have the information you need to do your job.
So what does Open Source really mean? It means every calculation and the code behind it is transparent. Not only can you see the underlying code behind all calculations, you also have complete freedom to change the code to fit your requirements. The Platform is designed to work with and enhance your existing solutions - and opening up the code makes this task much easier.
Furthermore, Open Source software benefits from an environment of shared knowledge and constant development, where a large number of interested parties (not just the original development team) contribute to the development and debugging of the source code. So any bugs are detected and fixed quickly, and enhancements are added and shared as long as they add value.
It does not mean, however, that any adaptations you make on your OpenGamma-based solution are automatically shared with others; you will retain control of your own enhancements. We've chosen an extremely commercially-friendly Open Source license (the Apache Public License v2) so that even our competitors can download the source code and incorporate it into their products.
The Open Source Platform is free to download and use and does not require a commercial contract. We do offer some proprietary components that are provided on a commercial basis, either because there are third-party restrictions (e.g. market data integration modules that use certain IP belonging to other vendors), or because we develop functional applications on behalf of our clients. See the Features page for more information.
We can also provide maintenance and service contracts that help you get the most out of the Platform - however, this is not tied to the ongoing use of the Open Source code. In other words, using the Open Source Platform does not require a commercial relationship with OpenGamma.
OpenGamma as an Extension to Your IT
The OpenGamma Platform - available via an Open Source license - is a tool for developing modern, specific functionality and applications aimed at delivering more accurate, more timely data to the Front-Office. The technical team at OpenGamma is available to help integrate existing solutions and ensure the optimum benefits are achieved from its installation and future enhancements (e.g. by consolidating desks or adding other asset classes). Consider us as an extension to your IT resources, both in terms of capabilities and capacity, giving you new freedom to deliver the previously impossible.
With the OpenGamma Platform, you are not faced with the traditional build-vs-buy decision. Rather, our business model and technology stack gives you the best of both worlds: the transparency and control you get from building the whole solution in house, with a strong vendor supporting your efforts at every step along the way.
Analytics Library Support
The OpenGamma Platform is designed to integrate both proprietary and third-party analytics libraries. Alternatively, it ships with the Open Source analytics library we have developed in-house. Unlike some vendors, we've invested heavily in a top-notch quantitative analysis and development team, and are producing and maintaining a modern, production quality analytics library capable of satisfying most complex trading environments. The library can be used as-is for standardized products, or as building blocks for exotic and structured pricing models. We encourage all our clients to compare this library to their own, and evaluate the merits of using an analytics library that is under continuous enhancements and provided on an Open Source basis.