Microsoft Releases Windows Open Services Architecture Extensions for Real-Time Market Data

Strategic Insights -

Microsoft, in collaboration with the Open Market Data Council, has unveiled the Windows Open Services Architecture Extensions for Real-Time Market Data (WOSA/XRT) specification and software developer's kit (SDK) at the Windows In Finance 2 conference. This innovative solution enables developers to easily incorporate real-time financial data into applications running on Microsoft Windows NT, Windows NT Advanced Server, and Windows operating systems, reducing costs and expediting software development in the financial services sector.

Key Takeaways:

  • The WOSA/XRT specification allows for seamless exchange of information between market data feeds and applications that support Object Linking and Embedding (OLE) 2.0 technology.
  • The specification is part of Microsoft's broader WOSA initiative, which provides a set of standards for integrating Microsoft Windows- and Windows NT-based applications into enterprise computing.
  • WOSA-based applications will work with future Microsoft operating systems and technology, protecting users' investments.
  • The WOSA/XRT SDK is scheduled to be available by mid-March.
  • The final version of the SDK will enable developers to build broad, enterprise-wide solutions, providing users with seamless access to information throughout the corporation.
  • The WOSA/XRT professional developers' conference will be held on March 10 in New York City.
  • Microsoft is committed to supporting customers implementing solutions for the securities and financial services market, with over 200 Microsoft Solution Provider companies worldwide offering solutions in this industry.

Statistics:

  • The Open Market Data Council includes more than 65 major suppliers of technology and information to the securities industry from Asia, Europe, and North America.
  • The Windows NT operating system provides a robust client-server platform for financial services users, allowing them to use both custom and off-the-shelf applications across multiple hardware platforms with complete security, scalability, and reliability.
  • The Chicago Stock Exchange has migrated its trader workstation applications from the mainframe to a Windows NT client-server environment using Digital Alpha AXP 150 PCs.
  • Generale Bank in Belgium is building a new 150-position dealing room in Brussels, using the Windows NT operating system running on an industry-standard PC.

Sources:

  • "Microsoft Releases Windows Open Services Architecture Extensions for Real-Time Market Data", Microsoft Corporation.
  • "Windows Open Services Architecture (WOSA) and Windows Open Services Architecture Extensions for Real-Time Market Data (WOSA/XRT)".
  • Reuters plc.
  • Chicago Stock Exchange.
  • Generale Bank, Belgium.