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MDDL

MDDL. Product Launch Jeremy Sanders World Financial Information Conference November 2 nd 2001. Market Data Definition Language. The XML standard for Market Data. Conception. Introduction to XML Potential Applicability to Market Data Emergence of Other XML-based Standards

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MDDL

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  1. MDDL Product Launch Jeremy Sanders World Financial Information Conference November 2nd 2001

  2. Market Data Definition Language The XML standard for Market Data

  3. Conception • Introduction to XML • Potential Applicability to Market Data • Emergence of Other XML-based Standards • User Application Requirements

  4. Existing Situation Bridge Feed Reuters Bloomberg Others Database Application 1 Application 2 Application 3 Application 4 Application N

  5. Drawbacks • Multiple Interfaces • Multiple Formats • Redundancy not Leveraged • Migrations Difficult • Integration Work Needed

  6. Target Situation Bridge Feed Reuters Bloomberg Others Integration Layer Application 1 Application 2 Application 3 Application 4 Application N

  7. Benefits • Ease of Migration • Leverage Redundancy • Leverage Quality • Reduced Interface Work • Reduced Integration Work

  8. Integration Layer Two Components: • Technical Transport/Interfaces • Data Format Focus on Standard for Data Format

  9. Benefits/Scope of Data Standard • Within Firm • Between User Firms • Industry Wide

  10. Initial Discussions, Fall 2000 • FISD Users: • Merrill Lynch • Goldman Sachs • Morgan Stanley Vendors: • Reuters • Bloomberg • Bridge

  11. Concept Launch • December 2000 FISD Meeting • January 2001 Introductory Meeting • Formation of Steering, Technology, and Vocabulary Committees • June 2001 Introduction of Beta Version • Formation of Liaison Committee • WFIC: Official Launch of V1.0

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