MDDL and the Quest for a Market Data Standard

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

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.

• 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

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