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Securities Processing Automation FISD Agenda Update

Securities Processing Automation FISD Agenda Update. James E. Hartley FISD General Meeting, London 03 March 2005. Topics. Market Data Definition Language (MDDL) Standard Distribution Protocol (fisdMessage) Unique Instrument Identification (UII)

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Securities Processing Automation FISD Agenda Update

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  1. Securities Processing AutomationFISD Agenda Update James E. Hartley FISD General Meeting, London03 March 2005

  2. Topics • Market Data Definition Language (MDDL) • Standard Distribution Protocol (fisdMessage) • Unique Instrument Identification (UII) • ISO TC68/SC4/WG8 - International Business Entity Identifier (IBEI) • ISO TC68/SC4/WG11 - Financial Instrument Model (ISO 19312) FISD SPA Agenda, General Meeting, London 03 March 2005

  3. MDDL • Most Active: Implementations • End-of-Day “static” data feed • Realtime streaming – ala fisdMessage • Version 2.4-beta Still Active • Working with members for end of March • Moving forward on MDDL content • Secondary focus on WG-11 activities FISD SPA Agenda, General Meeting, London 03 March 2005

  4. MDDL – New Content • Portfolio Content • Shares held, costs, transfer dates, etc. • Risk Analysis Factors • Evaluations of portfolios, etc. FISD SPA Agenda, General Meeting, London 03 March 2005

  5. fisdMessage for RealTime • Developed to Tie Front and Back Office • Using MDDL as the common language • Generated More Discussion This Year • Continually converting “nay” sayers • In Conversation With Other Groups • To use fisdMessage for their needs (i.e. FIX) • Perhaps even ISO and W3C! FISD SPA Agenda, General Meeting, London 03 March 2005

  6. UII • Unique Instrument Identification • Have worked through requirements • Solution defined – ISIN + OPOL + TICKER • Need to Verify In RealWorld • For all steps within transaction chain • With ISITC and similar organizations • Ala ISO and incorporation into WG11 FISD SPA Agenda, General Meeting, London 03 March 2005

  7. IBEI (WG8) • International Business Entity Identifier • Form of identifier decided • Committee will “reach out” to industry • Identifier Creation Undetermined • Who? When? How much? • Next Meeting - 8 March in Copenhagen • Perhaps the last? Or penultimate! FISD SPA Agenda, General Meeting, London 03 March 2005

  8. WG11 • ISO TC68/SC4/WG11 • ISO 19312 – Financial Instrument Model • Ala 20022 Process (albeit modified) • Progressing Quite Nicely • Basic Setup Reviewed • Moving on to Corporate Actions • Next Meeting – 13-15 April in Paris FISD SPA Agenda, General Meeting, London 03 March 2005

  9. WG11 (con’t) • Collectively, through all our contacts, we MUST work to ensure the ISO 19312 (20022) process is successful – or determine how it will NOT work – as soon as possible to avoid undue spending and wasted implementations • ISO 20022 to be modified – participating in this working group FISD SPA Agenda, General Meeting, London 03 March 2005

  10. Other Issues • ANNA & ASB • Working through OPOL and UII items • Service Level Improvements • And how they might be automated!! FISD SPA Agenda, General Meeting, London 03 March 2005

  11. Questions? Tom Davin tdavin@siia.net +1 202.789.4465 James Hartley jhartley@siia.net +1 303.322.1393 www.fisd.net, www.mddl.org

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