FISD Conference: Market and Reference Data Standards Are Needed


Speakers at last week’s XML for Market Data conference, sponsored by the Financial Information Services Division (FISD) of the Software & Information Industry Association (SIIA), agreed that the industry needs standards to simplify market and reference data processing. However, they also agreed that there are a number of challenges to this goal.

James Hartley, chief technologist at the FISD, said a standard eliminates misunderstandings and misaligned copies of data, permits securities process

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