Wednesday, October 16, 2013

F2 Turns One!

Happy birthday, F2!

One year ago yesterday we launched F2 and introduced to the financial services community a brand-new way of integrating tools and content from multiple providers into a single, seamlessly integrated front-end. Since last October, the F2 community has grown to include some of the financial industry’s biggest firms. Led by F2 Advisory Board members, these participating firms are demanding websites that are fast, versatile and built upon standards and open-source technology. Being efficient, iterating quickly, reducing time to market as well as complexity without compromising security are no longer dreams of product and technology owners; they are facts of life. The growing F2 team at Markit On Demand (MOD) continues to work hard to ensure the framework is easy for technology teams to adopt, simple for developers to follow, and modern for today’s savvy and demanding users.

These past twelve months have been very busy on many fronts. When F2 launched MOD were the only ones using the framework. Today between fifteen and twenty financial services firms have deployed F2-enabled solutions. Beyond simply using it, many of them are contributing to the evolution of the standard as well. The roadmap has seen eight revisions. One hundred forty-one Issues have been opened based on community feedback. F2 was initially released under the terms of the MIT license before switching to the Apache license in version 1.2. This change affords better protections to those working on centralized and contributed open source code. In short, we’ve made a lot of progress.

Here is F2 by the numbers to-date:

  • We’ve released fourteen versions of F2, the latest, 1.3.1, yesterday.
  • We’ve closed 120 GitHub Issues.
  • We’ve committed 893 source code revisions on GitHub.
  • Code additions and deletions total 643,000 and 467,000, respectively.
  • The F2 Advisory Board firms shrunk by one then grew by two.
  • More than 13,000 people have visited OpenF2.org leading to 40,000 page views. Impressive for a 24-page website.
  • Nine of the eleven F2 Advisory Board firms traveled to Boulder in April for the inaugural F2 hackathon.

Looking broadly at F2 use, many have come to realize that by shifting development efforts towards a common specification that allows for complete customization, everyone wins. Information providers, content owners, financial firms, media outlets, developers and technology owners alike.

In the beginning we didn’t know whether F2 was going to be successful or not. As a result, we deemed it an experiment of sorts. Given where the framework is today, I think it’s safe to say it has been a success. And we’re working very hard to ensure it remains one. F2 has recently moved into the purview of MOD/L which doesn’t change who is working on it or how it’s maintained. The organizational move simply affords F2 the attention it demands and gives everyone the comfort in knowing they’re not adopting a dying standard.

While F2 is young, it’s growing up fast. Version 1.4 is scheduled for release in late Q4. We’re working hard on a proposed version two implementation alongside a complete redesign of OpenF2.org and its accompanying documentation. Discussions are beginning around a second F2 hackathon. We have F2 team members going to fin-tech conferences to evangelize and learn from what others are doing. The list goes on.

If the previous twelve months are any indication, the next twelve should be just as exciting. Thank you to everyone who has contributed to F2's success over the past year. Without the efforts of the F2 community, we wouldn’t have had much to write about today. We’ve said all along that the greater the participation in F2 the richer, smarter and more effective it will be as an industry-wide platform to help reduce labor, time to market and costs. Thanks to the community this is more true than ever.

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