Study Recommends Open Standard For Taxonomies

Alex Wolcough, head of collaboration practice, eTrading Software

An open standard for fixed-income reference data would better coordinate taxonomies, including the EDM Council's Financial Industry Business Ontology (FIBO), according to one of the organizers of a feasibility study commissioned by broker-dealers to examine their data operations. The study also surveyed other market participants including regulators, for input on the issues.

"Coming up with an agreeable taxonomy makes sense from a business and technological perspective," says Alex Wolcough, head