JPMorgan Chase & Co, Cisco Systems and Red Hat are among a number of large organisations backing the creation of an open standards messaging protocol.
The companies are aiming to help various messaging and web services to more easily communicate with each other.
The new Advanced Message Queuing Protocol (AMQP) will interoperate with a number of existing protocols such as Java Message Service (JMS), SOAP, WS-Security, and WS-Transactions, among others.
JPMorgan has already rolled out an AMQP-based trading system that supports 800 users across five continents.
This system connects three data centres which use Windows-, Linux- and Solaris-based hardware, running applications written in Java, C# and C++.
The working group that is backing AMQP has developed version 0.8 of the AMQP specification. The group hopes to have version 1.0 ready in around 18 month’s time.
Version 1.0 will be open source and royalty free, and it will be submitted to a standards body.