FISD Takes on VRXML

DELIVERY TECHNOLOGIES

The Financial Information Services Division (FISD) of the Software and Information Industry Association has taken over the development and promotion of VRXML, the XML protocol for reporting market data use that was developed by the New York Stock Exchange (NYSE). But it is unclear just how quickly the industry will adopt the new language.

VRXML is designed to standardize the process of reporting market data usage to data vendors and exchanges. Currently, most user firms and data vendors repor