WG 11 Starts its Slow Climb

ADMINISTRATION & MANAGEMENT

Working Group 11, the group charged with developing a data model for financial instruments, has begun drawing up its mission statement and agenda, says group convenor Sandra Throne, director of industry standards at the Depository Trust & Clearing Corp. (DTCC).

The group formed to create a single securities data model and a technical specification for financial instruments throughout their lifecycle. The data dictionary would incorporate message definitions from a variety of standards, such as

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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