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How to encrypt sensitive data in playbooks with Ansible Vault

Ansible Vault lets you keep sensitive data, such as passwords and keys, in encrypted files. Here’s how to use it in playbooks to improve automation workflow safety.

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The Lifecycles of Open Source Projects

There are hundreds of thousands of open source projects out there – many are innovative ideas, poised to make a positive impact on the world. There is a much smaller number that move from an idea with one or two maintainers to broad adoption with an active community and investments from other organizations. How does this happen? What moves the needle? Helping projects grow and mature is exactly the mission of the Linux Foundation. We are a place where open source innovators thrive. 

In this article, I want to help you look at each of the project life cycle stages, determine where your project is, and, at a high-level, show how you can move your project successfully through each stage. 

What does success look like?

Open Source projects succeed when the right parties are involved throughout every stage of a project’s life cycle. Project teams work together from the early proposal and planning stages to the projects’ peak maturity stages and eventual wind-down.

This article is targeted to help Open Source Communities and Program Managers identify the life cycle stages of a project and promote the participation of the right committees at the right time to drive the project smoothly and transition it as it develops.

It also analyzes an example of what a project’s participation and challenges look like for an early-stage project compared to a mature project to bring insight into what to expect at those stages.

Open Source project life cycle

Depending on your Open Source project, these stages might vary in name, but most projects center on the same principles and focus on the following stages:

The Proposal Stage Where a specific need is identified and planning preparations for resources and work is analyzed and presented to the technical steering committee (TSC) and Chair committees.

The Incubation Stage It starts when a proposal is approved, and the resources are assigned. This is one of the most critical stages in the project. Early development is underway, and it is essential to set the foundation of how the project will operate to avoid difficulties in the future.

The Mature Stage It happens when a project has made several successful releases and is on track with its vision. Challenges may still exist; however, given the planning during the early stages, they are manageable.

The Core Stage It is defined when a project has reached a broad audience due to its value. This is where teams need to focus on maintaining and keeping the pace steady.

Project Archived This stage can sometimes be challenging to identify, given the speed gained in the previous stages. It could be a good thing that a project has reached its goal and hence needs to be archived, or it can, unfortunately, happen due to unforeseen circumstances like a lack of resources to collaborate. For projects that have difficulty identifying this stage, I recommend the following article: Winding Down an Open Source Project.

Committee Participation

Let’s discuss how a project in its early Incubation stage compares to a project in a Mature set and how having the appropriate committee’s attention can facilitate the work.

Project during Incubation

Still in a fragile state, requirement changes can still occur.

Board and TSC to approve
Committers and Maintainers

High activity of contributions since this project can still be considered under the bring-up phase

Committers and Maintainers collaborate on content

Can still be at risk of achieving if resource availability and contributions decline

Board and TSC can take a decision

Project during Maturity

At this point, the project should be heading towards the next releases. If requirements change, it might be a sign of poor planning.

Committers and Maintainers collaborate on content

Core review happens after evaluating the state of the releases and the demand that they have created.

TSC to approve

Can still be at risk of achieving if resource availability and contributions decline!

Board and TSC can take a decision

It is essential to have a clear definition of where your project stands and a clear roadmap to where it is heading so the key teams can perform their best during the project’s life cycle.

How does LFX play a part in the project’s life cycle?

LFX was developed by the Linux Foundation to streamline and support Open Source projects at any stage of a project’s life cycle. For example:

Individual Dashboard: This is where it all begins. Create your open source profile and affiliations to manage your project contributions to be credited for your contributions as the project progresses—a necessity for all developers at the Proposal and Incubation stages. 
Insights: Offers critical metrics on collaboration, issue tracking, and CI/CD status, which are vital tools to keep the pace of contributions and make more informed decisions early on. Great tool for the Incubation, Mature, and Core phases.
Security: Projects need license and vulnerability protection, and the Security tool helps projects scan their code and report any issues with options to get these fixed—a must-have during Incubation, Mature, and Core phases.
Organization Dashboard:  Provides complete visibility and activity for open source projects and all Linux Foundation services. A valuable tool for our Members/Organizations in the Proposal, Incubation, Mature, and Core phases.
Easy CLA: A tool to consider early on to have company and individual contributions protected and unblocked so collaborators and committers can participate as soon as possible. Great to have at the Proposal stage.   
Mentorship: At any stage, the Mentorship tool brings mentors experts based on the project and mentees interested to learn more about it to participate and start contributing. This tool is excellent to have available at any life cycle stage.

With the right participation from individuals and committees, the project will have the right resources to grow and develop through each life cycle stage.   I hope this article comes in handy for your open source community, and you find it easier to accurately identify your project’s life cycle stage – and have the right LFX tools to boost your project performance. All LFX tools play an essential part in the open source project’s development; this article hopefully helps your team choose where to start your LFX journey.

Check out the LFX tools and for additional information about project life cycles, please feel free to contact me, Jessica Gonzalez, at jwagantall@linuxfoundation.org and join your colleagues in the open source community at the LFX Community Forum. 

The author, Jessica Gonzalez, is Release Engineer & LFX Community Architect at the Linux Foundation.

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Top 5 Reasons to be Excited about Zowe

This article was written by David McNierney, member of the Zowe Technical Community and Product Marketing & Developer Marketing Leader at Broadcom Inc. It appeared on the Open Mainframe Project blog. The 3rd annual Open Mainframe Summit is September 21-22 in Philadelphia, PA.  It will be in-person and virtual. The schedule is now available and early-bird pricing ends on July 15. Learn more, see the agenda, and register here

The Open Mainframe Project’s Zowe initiative was born from an ambitious goal: make the mainframe a seamless, integrated part of the modern IT landscape — employing the same practices, tools and skillsets — without compromising its core attributes of stability, security and resiliency. Achieving this vision would address the growing talent crunch while helping enterprises modernize their mission-critical applications for today’s hybrid cloud world. It was exciting from the outset.

What better way to integrate the mainframe in this way than with open source, the technology that has fueled other paradigm-changing trends? Broadcom, IBM and Rocket Software discovered complementary initiatives across their organizations and, with the guidance and support of the Open Mainframe Project, Zowe was born. The framework, the first open source project for z/OS, opens the mainframe to popular practices like DevOps, languages like JavaScript and Python, and tools like CI/CD orchestrators.

Since then, Zowe’s trajectory has been extraordinary. Here are the top 5 reasons to be excited about the framework:

1) Extraordinary Growth

The user survey from the Arcati Mainframe Yearbook 2022 offers some eye-opening statistics: 19% of sites are already using Zowe (up from 10% last year) with a further 50% of sites planning to use it in the coming year (a big increase from 10% last year).

“Zowe, the open-source way of accessing mainframes, was introduced in 2018. 19 percent of sites said that they are already using this open-source technology, with a massive 50 percent of sites having plans to make use of it in the coming year. Open-source technology is now becoming commonplace on mainframes.”

“Perhaps Zowe will continue to help the mainframe to appear like any other server to a younger generation of programmers and managers.”

Key takeaway: don’t miss the bus!

2) Industry Recognition

Zowe won the Best DevOps for Mainframe award in this year’s DevOps Dozen competition, only 3 years after its introduction! Based on a combination of judging and popular voting, this recognition is particularly noteworthy because Zowe was selected over a number of well-established commercial offerings with large numbers of users. Chalk one up for the next-generation!

3) Robust Ecosystem

With over 70 conformant products, the Zowe ecosystem is fast growing with tools now spanning the application development, security and operations domains. In addition to leaders like Broadcom and IBM, vendors receiving badges for Zowe Conformance now include Micro Focus and BMC reflecting broader recognition of the framework’s value and customer demand. And another sign of a fast-maturing open source technology, conformant support providers are available to help users realize the full power of the ecosystem.

4) Existing User Base

Downloads of the Zowe CLI have exceeded 100,000 and Zowe Explorer for VS Code has exceeded 50,000. And Zowe z/OS Build downloads (server-side) have exceeded 5,000. These numbers appear to confirm the Arcati findings of increasing Zowe adoption and reflect an increasingly real-world-hardened solution.

5) Energized Community

The most important number of all is 501 — the number of contributors to this vibrant open source project. These contributors offer their time, expertise and energy to advance the Zowe cause to the benefit of everyone in the enterprise IT community. They contribute everything from documentation to architecture reviews to code and they come from many backgrounds and geographies. It takes a village, and this one is more energized than ever!

The onboarding of the mainframe as a seamless, integrated part of the hybrid cloud is well underway. The road is clear and recent evidence suggests a fast-approaching tipping point — a point at which Zowe transitions from an expanded toolkit for a few to the foundation of the hybrid cloud for all.

If you enjoyed this blog, checkout more Zowe blogs here or the Zowe website at Zowe.org. You can also ask a question and join the conversation on the Open Mainframe Project Slack Channel #Zowe-dev, #Zowe-user or #Zowe-onboarding. If this is your first time using the Open Mainframe Project Slack, register here.

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Oracle is the #1 contributor to the core of Linux in 5.18*

By the metric of “code that everybody us

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How to configure disk compression in Red Hat Enterprise Linux 8

Learn how to use the Virtual Data Optimizer (VDO) in RHEL 8 to compress files and maximize the space available on physical storage.

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Jamie Thomas: What is the OpenSSF

Jamie Thomas is the General Manager, Systems Strategy and Development at IBM and is also the OpenSSF Board chair. She sat down with Alan Shimel of TechStrong TV during OpenSSF Day in Austin to share about OpenSSF and how the open source community is rallying together to increase the resilience of open source software. 

You can watch the full interview or read the transcript below. But, since we are all busy, I have pulled together some of the key points Jamie made from the interview:

OpenSSF is focused on a proactive posture. How do we prevent these kinds of events? And so to do that, we think there’s a number of things we have to do: 

First and foremost is education, of course, in terms of basic security education for developers.
Another key tenant is how do you put automation on steroids? So the automation and best practices that are reflected in that automation that open source projects can consume? How do you get that out to the most critical projects, and then provide some support for the long tail projects
It’s also about working, frankly, with other industry consortia as well as the government. In Particular, we’ve been working with the US government in the OpenSSF to define what are some actions that are really going to make a difference. 
And I think critical to all of this is getting collaboration across the different insights from the governing body, which includes a lot of technology firms, as well as commercial firms. Like there’s a lot of financial firms actually involved in the governing body. What are the key elements that we really need to address first. So getting those priorities set, and then having an execution agenda and really getting something done in the short term, I think is really going to be important for this group.

In the world of cybersecurity, you often learn that no one pays attention to a lot of things unless there’s a huge compelling event. And that’s what log4j was. So while it was not desired, it was helpful in that vein. . . So coming out of all of the meetings that we’ve had, the collaboration that we’ve had across the industry, it is going to be imperative that we execute, and that the things that we have identified as top priorities that we make measurable progress on those projects this year. That’s the importance of this OpenSSF day here today in Austin, which is allowing us, with a key set of stakeholders, to start to share perspectives of the projects that are underway, and how others can engage in those projects. And how, once again, working together, we can actually make a difference. 

 Working together, we can actually make a difference. 

We are turning the corner on a new level of commitment around security, there’s always been a commitment in open source around innovation, around feature function. I mean, that’s what’s driven open source and allowed it to be so successful. And for others, other corporations like IBM, we take an enormous advantage out of that, right, we’ve all gotten a huge advantage in productivity out of that. But now, it’s really about turning the focus a little bit more, getting that focus on security, so that we can use open source and continue to have that productivity, but with confidence as we go forward.

How do we make it easy for the maintainers of these open source projects? How do we make it easy for the contributors, because without doing that, it will not have the consumption by developers at large.

SODA Foundation Announces 2022 Data & Storage Trends Survey

To address evolving Data and Storage needs throughout the industry, SODA Foundation, in partnership with Linux Foundation Research, is once again conducting a survey to provide insights into challenges, gaps, and trends for data and storage in the era of cloud native, edge, AI, and 5G. The results will serve to guide the SODA Foundation technical direction and ecosystem. With this survey, we seek to answer:

What are the data & storage challenges faced by end users?What are the key trends shaping the data & storage industry?Which open source data & storage projects are users interested in?What cloud strategies are being adopted by businesses?

Through new insights generated from the data and storage community, end users will be better equipped to make decisions, vendors can improve their products, and the SODA Foundation can establish new technical directions — and beyond!

Please participate now; we intend to close the survey in August.

Privacy and confidentiality are important to us. Neither participant names, nor their company names, will be displayed in the final results. 

This survey should take no more than 15 minutes of your time. 

To take the 2022 SODA Foundation Data & Storage Trends Survey, click the button below in your choice of English, Chinese, and Japanese.

BONUS

As a thank you for participating in this research, once you have completed the survey, a code will be displayed on the confirmation page, which can be used for a 25% discount on any Linux Foundation training course or certification exam listed in our catalog: https://training.linuxfoundation.org/full-catalog/ 

PRIVACY

Your name and company name will not be displayed. Reviews are attributed to your role, company size, and industry. Responses will be subject to the Linux Foundation’s Privacy Policy, available at https://linuxfoundation.org/privacy. Please note that members of the SODA Foundation survey committee who are not LF employees will review the survey results. If you do not want them to have access to your name or email address in connection with the survey, please do not provide your name or email address.

VISIBILITY

We will summarize the survey data and share the learnings later this year on the SODA website. In addition, we will produce an in-depth survey report which will be shared with all survey participants.

ABOUT SODA FOUNDATION

The SODA Foundation is an open source project under the Linux Foundation that aims to foster an ecosystem of open source data management and storage software for data autonomy. SODA Foundation offers a neutral forum for cross-project collaboration and integration and provides end-users with quality end-to-end solutions. We intend to use this survey data to help guide the SODA Foundation and its surrounding ecosystem on important issues.

PARTNERS

We are grateful for the support of our many survey distribution partners, including:

China Electronics Standardization Institute (CESI)China Open Source Cloud League (COSCL)Chinese Software Developer Network (CSDN)Cloud Computing Innovation Council of India (CCICI)Cloud Native Computing Foundation (CNCF)Electronics For You (EFY)IEEE Bangalore SectionJapan Data Storage Forum (JDSF)Mulan ProjectOpen Infra Foundation (OIF)Storage Networking Industry Association (SNIA)

QUESTIONS

If you have questions regarding this survey, please email us at survey@sodafoundation.io or ask us on Slack at https://sodafoundation.io/slack/

Sign up for the SODA Newsletter at https://sodafoundation.io/

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Open Mainframe Project Announces Schedule for the 3rd Annual Open Mainframe Summit on September 21-21 in Philadelphia, PA

 The first-ever in-person Summit will focus on security, training, AI, Linux on Z and Cloud Native  and will be accessible online for attendees around the world

SAN FRANCISCO, July 13, 2022 The Open Mainframe Project, an open source initiative that enables collaboration across the mainframe community to develop shared tool sets and resources, announces the schedule for the 3rd annual Open Mainframe Summit, which will be in-person in Philadelphia, PA, and streaming online for global attendees. This year’s theme focuses on security, which is top of mind for every company that uses mainframes.

Critical enterprise systems are more connected than ever, which means vulnerabilities have increased. In fact, according to The Essential Holistic Security Strategy, a recent report by Forrester Consulting, commissioned by Open Mainframe Project Silver Member BMC, 81 percent of organizations surveyed are prioritizing the integration of security functions and improving security detection and response.

This year will highlight security as it relates to all aspects of mainframes and beyond including cloud native services, automation, software supply chain management and more. The Summit will also highlight projects such as Zowe and COBOL, education and training topics that will offer seasoned professionals, developers, students and thought leaders an opportunity to share best practices and network with like-minded individuals.

Some of the security sessions include:

Integrate the Mainframe into Your Broader IT Security Strategy – Misty Decker, Director of Product Marketing, Micro FocusSafe Cloud Native Services in the World of Zero Trust – Alan Clark, Member of the CTO Office, SUSEManaging Open Source Vulnerabilities on Mainframe – Emre Tunar, Director of Software Engineering – Mainframe Security, BroadcomA Framework to Automate Cybersecurity Controls and Regulatory Controls on IBM zSystems and LinuxOne environments – Pradeep Parameshwaran, Lead Architect, Security and Compliance on IBM Z and LinuxONE

Additionally, David Wheeler, Open Source Supply Chain Security Director at the Linux Foundation, will also give a keynote.  

Other highlights include:

Customer Success Stories Incorporating Zowe in Their z/OS Transformation and Modernization Journeys – Joe Winchester, Senior Technical Staff Member, IBMMeet the Future of COBOL – Hartanto Ario Widjaya, Singapore Management University; Caitlin Mooney, Student Mentor, New Jersey Institute of Technology; Jade Walker, ZDP Trainee, M&T Bank; and Angie Rositilia Mejia, Student, East Carolina UniversityThe New Workforce: Integrating the Next Generation with the Greatest Generation – Spencer Hallman, Lead Product Manager, BMCHow to Monitor and Manage Mainframe and Storage Performance Metrics Utilizing Voice and OpenSource Software Tools – Justin Santer, Application Developer and Software Engineer; Vincent Terrone, Senior Enterprise Solutions Architect;  John Wolfgang, Senior Storage Systems Architect; and Len Santalucia, CTO, Vicom Infinity, A Converge CompanyZowe Reaches Orbit, Now What Mission Control (keynote) – Peter Wassel, Director of Product Management, DevOps and Open Mainframe; George DeCandio, Chief Technology Officer; BroadcomDemystified: Put Your Web App on the Zowe Desktop in a Flash – Robert Blum, Senior Software Developer, Phoenix Software InternationalMainframe Open Education – Fostering the Stewardship of Education Resources – Lauren Valenti, Director of Mainframe Education and Customer Engagement, Broadcom and Viviane De Padua Diogo Sanches, Skill and Enablement Leader, Kyndryl

See the full conference schedule here.

Open Mainframe Project would like to thank this year’s Open Mainframe Summit planning committee including Alan Clark, CTO Office and Director for Industry Initiatives, Emerging Standards and Open Source at SUSE; Donna Hudi, Chief Marketing Officer at Phoenix Software; Elizabeth K. Joseph, Developer Advocate at IBM; and Michael Bauer, Staff Product Owner at Broadcom, Inc.

Early bird pricing ($500 US) for in-person attendees ends on July 15. Registration for academia is $50 for in-person and $15 for a virtual pass. Register here.

Open Mainframe Summit is made possible thanks to Platinum Sponsors Broadcom Mainframe Software, IBM, and SUSE and Gold Sponsors BMC, Micro Focus and Vicom Infinity, a Converge Company. For information on becoming an event sponsor, click here by August 5. 

Members of the press who would like to request a press pass to attend should contact Maemalynn Meanor at maemalynn@linuxfoundation.org.

About the Open Mainframe Project

The Open Mainframe Project is intended to serve as a focal point for deployment and use of Linux and Open Source in a mainframe computing environment. With a vision of Open Source on the Mainframe as the standard for enterprise class systems and applications, the project’s mission is to build community and adoption of Open Source on the mainframe by eliminating barriers to Open Source adoption on the mainframe, demonstrating value of the mainframe on technical and business levels, and strengthening collaboration points and resources for the community to thrive. Learn more about the project at https://www.openmainframeproject.org.

About The Linux Foundation

Founded in 2000, the Linux Foundation and its projects are supported by more than 2,950 members. The Linux Foundation is the world’s leading home for collaboration on open source software, hardware, standards, and data. Linux Foundation projects are critical to the world’s infrastructure including Linux, Kubernetes, Node.js, ONAP, Hyperledger, RISC-V, and more. The Linux Foundation’s methodology focuses on leveraging best practices and addressing the needs of contributors, users, and solution providers to create sustainable models for open collaboration. For more information, please visit us at linuxfoundation.org.

The Linux Foundation has registered trademarks and uses trademarks. For a list of trademarks of The Linux Foundation, please see its trademark usage page: www.linuxfoundation.org/trademark-usage. Linux is a registered trademark of Linus Torvalds.

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How to troubleshoot your network with Nmap

Learn how to use Nmap scans to check if systems are online and find problems in your network.

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FDC3 2.0 Drives Desktop Interoperability Across the Financial Services Ecosystem

The Fintech Open Source Foundation builds on the success of FDC3, its most adopted open source project to date

New York, NY – July 13, 2022 – The Fintech Open Source Foundation (FINOS), the financial services umbrella of the Linux Foundation, announced today during its Open Source in Finance Forum (OSFF) London the launch of FDC3 2.0. FDC3 supports efficient, streamlined desktop interoperability between financial institutions with enhanced connectivity capabilities. 

The global FDC3 community is fast-growing and includes application vendors, container vendors, a large presence from sell-side firms and a growing participation from buy-side firms all collaborating together on advancing the standard. 

You can check out all the community activity here: http://fdc3.finos.org/community

The latest version of the standard delivers universal connectivity to the financial industry’s desktop applications with a significant evolution of all four parts of the Standard: the Desktop Agent API, the App Directory providing access to apps and the intent and context messages that they exchange. 

MAIN IMPROVEMENTS

FDC3 2.0 significantly streamlines the API for both app developers and desktop agent vendors alike, refining the contract between these two groups based on the last three years’ working with FDC3 1.x. 
Desktop agents now support two-way data-flow between apps (both single transactions and data feeds), working with specific instances of apps and providing metadata on the source of messages – through an API that has been refined through feedback from across the FDC3 community.
This updated version also redefines the concept of the “App Directory”, simplifying the API, greatly improving the App Record and the discoverability experience for users and making the App Directory fit-for-purpose for years to come (and the explosion of vendor interest FDC3 is currently experiencing).
Finally, FDC3 2.0 includes a host of new standard intents and context, which define and standardize message exchanges for a range of very common workflows, including interop with CRMs, Communication apps (emails, calls, chats), data visualization tools, research apps and OMS/EMS/IMS systems. This is one of the most exciting developments as it represents diverse parts of the financial services software industry working together through the standard.

MAIN USES

Help Manage Information Overload. Finance is an information-dense environment. Typically, traders will use several different displays so that they can keep track of multiple information sources at once. FDC3 helps with this by sharing the “context” between multiple applications, so that they collectively track the topic the user is focused on.
Work Faster. FDC3 standardizes a way to call actions and exchange data between applications (called “intents”). Applications can contribute intents to each other, extending each other’s functionality. Instead of the user copy-and-pasting bits of data from one application to another, FDC3 makes sure the intents have the data they need to seamlessly transition activity between applications.

Platform-Agnostic. As an open standard, FDC3 can be implemented on any platform and in any language. All that is required is a “desktop agent” that supports the FDC3 standard, which is responsible for coordinating application interactions. FDC3 is successfully running on Web and Native platforms in financial institutions around the world.

End the integration nightmare. By providing support for FDC3, vendors and financial organizations alike can avoid the bilateral or trilateral integration projects that plague desktop app roll-out, cause vendor lock-in and result in a slow pace of change on the Financial Services desktop.

“It is very rewarding to see the recent community growth around FDC3,” said Jane Gavronsky, CTO of FINOS. “More and more diverse participants in the financial services ecosystem recognize the key role a standard such as FDC3 plays for achieving a true open financial services ecosystem. We are really excited about FDC3 2.0 and the potential for creating concrete, business-driven use cases that it enables.” 

What this means for the community 

“The wide adoption of the FDC3 standard shows the relevance of the work being conducted by FINOS. At Symphony we are supporters and promoters of this standard. This latest version, FDC3 2.0, and its improvements demonstrate substantial progress in this work and its growing importance to the financial services industry,” said Brad Levy, Symphony CEO.

“The improvements to the App Directory and its ramifications for market participants and vendors are game-changing enough in themselves to demand attention from everyone: large sell-sides with large IT departments, slim asset managers who rely on vendor technology, and vendors themselves”, said Jim Bunting, Global Head of Partnerships, Cosaic.

“FDC3 2.0 delivers many useful additions for software vendors and financial institutions alike. Glue42 continues to offer full support for FDC3 in its products. For me, the continued growth of the FDC3 community is the most exciting development”, said Leslie Spiro, CEO, Tik42/Glue42. “For example recent contributions led by Symphony, SinglePoint and others have helped to extend the common data contexts to cover chat and contacts; this makes FDC3 even more relevant and strengthens our founding goal of interop ‘without requiring prior knowledge between apps”. 

“Citi is a big supporter of FDC3 as it has allowed us to simplify how we create streamlined intelligent internal workflows, and partner with strategic clients to improve their overall experience by integrating each other’s services. The new FDC3 standard opens up even more opportunities for innovation between Citi and our clients,” said Amit Rai, Technology Head of Markets Digital & Enterprise Portal Framework at Citi.

“FDC3 has allowed us to build interoperability within our internal application ecosystem in a way that will allow us to do the same with external applications as they start to incorporate these standards,” said Bhupesh Vora, European Head of Capital Markets Technology, Royal Bank of Canada. “The next evolution of FDC3 will ensure we continue to build richer context sharing capabilities with our internal applications and bring greater functionality to our strategic clients through integration with the financial application ecosystem for a more cohesive experience overall.”

“Interoperability allows the Trading team to take control of their workflows, allowing them to reduce the time it takes to get to market. In addition they are able to generate alpha by being able to quickly sort vast, multiple sources of data,” said Carl James, Global Head of Fixed Income Trading, Pictet Asset Management. 

As FINOS sees continued growth and contribution to the FDC3 standard, the implementation of FDC3 2.0 will allow more leading financial institutions to take advantage of enhanced desktop interoperability. The contribution of continued updates also represents the overall wider adoption of open source technology, as reported in last year’s 2021 State of Open Source in Financial Services annual survey. To get involved in this year’s survey, visit https://www.research.net/r/ZN7JCDR to share key insights into the ever-growing open source landscape in financial services. 

Skill up on FDC3 by taking the free Linux Foundation’s FDC3 training course, or contact us at https://www.finos.org/contact-us. Hear from Kris West, Principal Engineer at Cosaic and Lead Maintainer of FDC3 on the FINOS Open Source in Finance Podcast, where he discusses why it was important to change the FDC3 standard in order to keep up with the growing amount of use cases end users are contributing to the community.

About FINOS

FINOS (The Fintech Open Source Foundation) is a nonprofit whose mission is to foster adoption of open source, open standards and collaborative software development practices in financial services. It is the center for open source developers and the financial services industry to build new technology projects that have a lasting impact on business operations. As a regulatory compliant platform, the foundation enables developers from these competing organizations to collaborate on projects with a strong propensity for mutualization. It has enabled codebase contributions from both the buy- and sell-side firms and counts over 50 major financial institutions, fintechs and technology consultancies as part of its membership. FINOS is also part of the Linux Foundation, the largest shared technology organization in the world.

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