Open Platform: Open Systems, Open Source, Open APIs… Open Opportunities?

Andrew Miller, managing director of consultancy Net Effect, outlines the opportunities offered by—and barriers to adopting—truly open systems.

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What a wonderful market data world it be if the promises and implications of various initiatives in financial market information actually came to fruition. Imagine for a moment that applications could switch between data sources (and destinations) at the flick of a switch; that they could retrieve and send data using a common convention so that each party knew exactly what information was being communicated; and using a standard schema so data could be interpreted easily and unambiguously. And t

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