Securities industry nears tipping point for dual messaging standards
Industry groups call for a freeze on ISO 15022 maintenance to accelerate ISO 20022 adoption.
Market participants are calling for a maintenance freeze on the ISO 15022 messaging standard to encourage further adoption of ISO 20022. The two standards have coexisted in the securities industry since the latter was first introduced in 2004, but there is no fixed cut-off date.
Industry associations, including Isitc (formerly known as the International Securities Association for Institutional Trade Communication) and the International Securities Services Association (ISSA), say this needs to
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