Instrument Classification Challenges Spark Call for Standards Review

Messaging standard ISO 20022 may help improve the system for accurately classifying financial instruments, according to a speaker at the International Securities Association for Institutional Trade Communication (ISITC) Europe quarterly meeting in London on July 15.

In relation to the management and timely maintenance of classifications, London-based Martin Sexton, consultant at London Market Systems, said one of the options worth exploring is to manage instrument classifications in the ISO 2002

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