Anything preceded by an "X" is inherently exciting these days, but what exactly is XML, and why is it important to the market data industry? The term XML (Extensible Markup Language) is commonly used to refer to the entire universe of XML-related tools and standards. The associated tables (see table link at the end of this story) break down the XML universe and attempt to demystify the acronyms for a selection of specific XML components.

Technically, XML is an extensible text-based format fo

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