Study Recommends Open Standard For Taxonomies

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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, h