FISD, NYSE Splinter Over VRXML

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The FISD is reconsidering its role in developing the VRXML exchange reporting protocol, sources say. In an apparently separate move, the New York Stock Exchange, which owns VRXML, has decided against renewing its membership in the group.

The NYSE, which developed VRXML and retains ownership of it, turned over development of the protocol to the FISD in 2002 (IMD, Nov. 11, 2002). The exchange hoped to standardize the reporting of market data usage to exchanges and vendors, and last year it anno