The world of standards was in something of a Catch-22 this year. While standards are generally recognized as a way to streamline operations and save costs, many firms were unwilling or could not afford to adopt them.
Yet a number of standards made advances. The Financial Information Services Division (FISD) of the Software and Information Industry Association (SIIA), which is involved in the development of MDDL for market data and VRXML for exchange reporting, also began working with the Inte
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