1 / 9

MDDL Defining the Market Data Genome

MDDL Defining the Market Data Genome. Mark Hunt MDDL Steering Group Member Director, XML Strategy Reuters Group Email: mark.hunt@reuters.com. Is this a 21 st Century Tower of Babel?. The evolution of content. NewsML. Many XML Standards. <nitf>. MDDL: What is it?.

pete
Download Presentation

MDDL Defining the Market Data Genome

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. MDDLDefining theMarket Data Genome Mark Hunt MDDL Steering Group Member Director, XML Strategy Reuters Group Email: mark.hunt@reuters.com

  2. Is this a 21st Century Tower of Babel?

  3. The evolution of content

  4. NewsML Many XML Standards <nitf>

  5. MDDL: What is it? • Market Data Definition Language • An open XML-based standard interchange format and common data dictionary for financial market data • Market data: • financial instruments (exchange traded or otherwise) • corporate events affecting value and tradability • market-related, economic and industrial indicators • The principal function of MDDL is to allow entities to exchange market data by standardizing formats and definitions.

  6. Who is involved? • Sell Side Firms • Merrill, Lehman, Goldman, Morgan Stanley • Buy Side Firms • Fidelity, State Street, Fleet • Vendors • Bridge, Reuters, Dow Jones, Telekurs, S&P, SIAC, FT-ID, Bloomberg • Exchanges • NASDAQ, CBOT, Island, other Non-US Exchanges • Standards (interoperability under investigation) • IPTC (NITF & NewsML), XBRL, SWIFT, ISO 15022 (note: this list is indicative and not comprehensive)

  7. XML/MDDL: Why should you be interested? • Efficiency • Faster trade processing, less overhead • STP, T+1, Business Process Management • Trading B2B • Easier collection, integration & distribution • Usefulness • Integration & interoperability • Manipulation (analytics, value-add) • Packaging of content & publishing • Re-purposing of content (wireless, multi-media) • Tools

  8. Why is Reuters interested? • Evolution of content • Web standards model changes things • Consortia & interest driven, users, vendors, integrators coming together over a business issue • Commitment to open standards • Content and trading are changing • Enhancing the utility of content (Reuters & users) • Richness, depth & interoperability across content and trading assets • Standing on the shoulders of giants • Re-use standards as part of a bigger model • The X in XML is for extensible • Service differentiation still possible/attractive • Data format only one of a number of differentiators • Quality, timeliness, value, integration etc.

  9. What happens now? • Evaluate MDDL V1.0 • Discussions with users over application areas • Initially snapshot, end of day type applications • Doesn’t mean that current vendor formats are obsolete, far from it • At the moment want to know what users think, where it can be of value • Supporting community with tools for evaluation • Reuters demonstration website available shortly covering • Reuters market data • Bridge market data

More Related