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MDDL and the Quest for a Market Data Standard

Explanation, Rationale, and Implementation

  • 1 Edición - 22 de agosto de 2007
  • Última edición
  • Autor: Martin Christopher Sexton
  • Idioma: Inglés

The aim of this book is to provide an objective vendor independent assessment of the Market Data Definition Language (MDDL), the eXtensible Mark-up Language (XML) standard for ma… Leer más

Descripción

The aim of this book is to provide an objective vendor independent assessment of the Market Data Definition Language (MDDL), the eXtensible Mark-up Language (XML) standard for market data. Assuming little previous knowledge of the standard, or of systems networking, the book identifies the challenges and significance of the standard, examines the business and market drivers and presents decision makers with a clear, concise and jargon free read.

Technical material is set off so that Systems Analysts are provided with an explanation to the standard’s business terms, context and deep hierarchical structure thus enabling them to create MDDL compliant interfaces. In this way, the book confers the knowledge to enable business and technology professionals to converse comfortably regarding financial systems integration.

Puntos claves

  • First book to present the business case for MDDL adoption and implementation
  • Identifies the challenges and significance of the standard, examines the business and market drivers and presents decision makers with a clear, concise and jargon free read
  • Technical material is set off from the text for systems analysts and provides comprehensive explanations of terms, context and deep hierarchical structure, thus enabling them to create MDDL compliant interfaces

De interès para

IT Directors, Business/Systems Analysts and IT Project Managers in the Financial Services Industry

Índice

Ch 1 Introduction Audience of this bookStructure of the bookConventionsCh 2 What is Market Data? Ch 3 Executive Summary VisionLinking MDDL to corporate goalsThe business Benefits of using MDDLMDDL opportunitiesCh 4 The financial XML landscapeIndustry StandardsMarket data is everywhereCh 5 Self-describing data and XML basics Elements, attributes and hierarchyCh 6 Evolution of MDDL MDDL VersioningSchemas, no longer Document Type DefinitionsCh 7 How MDDL worksSynopsis of the MDDL hierarchyMDDL domainsClasses and subclassesContainersPropoertiesMDDL property typesIndustry standards used in contentCreation of new typesClassification f propertiesControlled vocabularyTop-level wrappersInstance headersInheritanceMDDL extensionsNaming conventionCreating an extension schemaDefining code lists (controlled vocabulary)Ch 8 The life of a financial instrumentIssuancePricing and reportingGeneral pricingHistorical pricingBook managementTrade reportingTime and salesReconciliationPortfolio valuationCh 9 Regulatory adherenceReference data termsBest executionRegulatory reportingData vendors and end of concentration rulesCh 10 Reference data managementBusiness entitiesIndices, rates and indicatorsCorporate action eventsSecurity definitionsSecurity definition terms, an alternative solutionChange mechanismCh 11 Industry standards - Mix and MatchMDDL to FIX, FIX to MDDLMDDL and FIXmlFpMLRIXMLXBRLSDMXISO standards in the financial sectorISO 19312 and MDDLMDDL and ISO 20022 Ch 12 MDDL as payloadMDDL and SOAPMDDL and FIX payloadMDDL as ebXML or OAGIS payloadCh 13 "Build-your-own" -MDDL equivalent schemaCh 14 UML to XML schema generation Ch.15 Undertaking a mapping exercise?Data mapping processData mapping pointersCh. 16 CompressionxtcMassage (fisdMessage)FASTSCh. 17 A Final tribute to John Castaing

Detalles del producto

  • Edición: 1
  • Última edición
  • Publicado: 22 de agosto de 2007
  • Idioma: Inglés

Sobre el autor

MS

Martin Christopher Sexton

At 19, Martin was the youngest person ever to pass the Higher National Certificate in Computer Studies and Business Organisation with Distinction.

After spending a number of years as a Computer Games Designer, Martin was eventually lured by the bright lights of the “City”.

He is a Principal Consultant with over 15 years experience in the financial industry. Martin has been responsible for interface design and data feed developments at a number of large financial institutions, including Euronext.Liffe (the Pan-European Stock Exchange), Credit Suisse First Boston, Reuters and Cantor Fitzgerald International.

Having written White Papers on the deployment of MDDL and a number of articles published on industry standards Martin has put his years of experience into this publication.

Afiliaciones y experiencia
Director, Information Technology, London Market Systems Ltd, UK

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