Wednesday, April 2, 2008

More Standards

UNIversal Financial Industry message scheme

http://www.iso20022.org/

The UNIFI standard provides the financial industry with a common platform for the development of messages in a standardized XML syntax, using:
- a modelling methodology (based on UML) to capture in a syntax-independent way financial business areas, business transactions and associated message flows;
- a set of XML design rules to convert the messages described in UML into XML schemas.

There is two great presentations in the site.


Market Data Definition Language (MDDL)

http://xml.coverpages.org/mddl.html

is an XML specification designed "to enable the interchange of information necessary to account, to analyze, and to trade financial instruments of the world's markets. It defines an XML-based interchange format and common data dictionary on the fields needed to describe: (1) financial instruments, (2) corporate events affecting value and tradability, and (3) market-related, economic and industrial indicators.


AND More Standards:
FinXML, VRXML, RIXML, XBRL, FpML, TWIST, RosettaNet, OAGi, ACORD, CIDX

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