FISD Readies MDDL V.3, Documentation

ADMINISTRATION & MANAGEMENT

The FISD is close to signing the second of two vendors that will provide documentation and XML conversion for Market Data Definition Language Version 3.0, chief technologist James Hartley tells Inside Market Data.

London Market Systems, which the FISD announced as the first vendor in April, has nearly completed its work to help the FISD model MDDL in Unified Modeling Language and then create an XML schema from UML. UML is a modeling language that users can utilize in multiple ways, such as to