FISD Reports Progress on Alt Data Standards, Data Dictionary

Officials say FISD's standards efforts will encourage and support broader adoption of alternative data among firms that have previously not had the resources to take advantage of new alt datasets.

Common-data-standards

Data industry association FISD is stepping up its work around creating standards that will lower the cost of using alternative data and contribute to broader use of alt data across the financial industry. The organization’s latest efforts include revising its vendor tear sheet and building a Data Dictionary to translate alternative data into machine-readable inputs for use in algorithmic trading applications.

FISD’s Alternative Data Council working group has recently released a new version of

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