MDDL and the Quest for a Market Data Standard
Explanation, Rationale, and Implementation
Free Global Shipping
No minimum orderDescription
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.
Key Features
- 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
Readership
IT Directors, Business/Systems Analysts and IT Project Managers in the Financial Services Industry
Table of Contents
- Ch 1 Introduction
Audience of this book
Structure of the book
Conventions
Ch 2 What is Market Data?
Ch 3 Executive Summary
Vision
Linking MDDL to corporate goals
The business Benefits of using MDDL
MDDL opportunities
Ch 4 The financial XML landscape
Industry Standards
Market data is everywhere
Ch 5 Self-describing data and XML basics
Elements, attributes and hierarchy
Ch 6 Evolution of MDDL
MDDL Versioning
Schemas, no longer Document Type Definitions
Ch 7 How MDDL works
Synopsis of the MDDL hierarchy
MDDL domains
Classes and subclasses
Containers
Propoerties
MDDL property types
Industry standards used in content
Creation of new types
Classification f properties
Controlled vocabulary
Top-level wrappers
Instance headers
Inheritance
MDDL extensions
Naming convention
Creating an extension schema
Defining code lists (controlled vocabulary)
Ch 8 The life of a financial instrument
Issuance
Pricing and reporting
General pricing
Historical pricing
Book management
Trade reporting
Time and sales
Reconciliation
Portfolio valuation
Ch 9 Regulatory adherence
Reference data terms
Best execution
Regulatory reporting
Data vendors and end of concentration rules
Ch 10 Reference data management
Business entities
Indices, rates and indicators
Corporate action events
Security definitions
Security definition terms, an alternative solution
Change mechanism
Ch 11 Industry standards - Mix and Match
MDDL to FIX, FIX to MDDL
MDDL and FIXml
FpML
RIXML
XBRL
SDMX
ISO standards in the financial sector
ISO 19312 and MDDL
MDDL and ISO 20022
Ch 12 MDDL as payload
MDDL and SOAP
MDDL and FIX payload
MDDL as ebXML or OAGIS payload
Ch 13 "Build-your-own" -MDDL equivalent schema
Ch 14 UML to XML schema generation
Ch.15 Undertaking a mapping exercise?
Data mapping process
Data mapping pointers
Ch. 16 Compression
xtcMassage (fisdMessage)
FASTS
Ch. 17 A Final tribute to John Castaing
Product details
- No. of pages: 320
- Language: English
- Copyright: © Butterworth-Heinemann 2007
- Published: August 22, 2007
- Imprint: Butterworth-Heinemann
- eBook ISBN: 9780080551777
About the Author
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.
Affiliations and Expertise
Director, Information Technology, London Market Systems Ltd, UK
Ratings and Reviews
There are currently no reviews for "MDDL and the Quest for a Market Data Standard"