...
- Overview (what product does the standard apply to) ( a precis of all the sections below)- applicability to CMSIG & Blockchains
- Category (Is it a data standard, a data interchange standard, a standard for legal contracts also )
- Standards body that controls the standards and governance around this
- Regulation or sovereign adoption (i.e. which regulatory agencies refer to the standard), is it a requirement
- Adoption rates
- Perceived challenges or gaps
- Listed POCs, MVPs, Production use cases based on this.
- Next steps....
FIX/FIXML:
Overview:
The Financial Information eXchange (FIX®) Protocol is the standard way for financial participants to exchange information (Orders, Executions, Trades, Market Data) between them. It is the most widely used protocol for trading most assets ranging from Equities, FX, Fixed Income, Repo, Security Finance and exchange derivatives covering Futures, Options and Swaps.
...
Products applicable: Cash Equities, Fixed Income, Futures and Options
FpML:
The Financial products Markup Language is an XML standard for processing and communicating pre-trade to post-trade life cycle events in OTC derivatives. The derivatives product coverage ranges from Interest Rate Swaps (IRS), Credit Default Swaps (CDS), Equity Swaps, FX forwards, swaps, options, Commodity derivatives, Repos and Security Finance.
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Products applicable: mostly OTC derivatives such as Interest Rate Swaps (IRS), Credit Default Swaps (CDS), Equity Swaps, FX, Commodities etc.
ISDA CDM:
Details are found under our site.
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Products applicable: OTC derivatives, Repos and Securities Finance.
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ISO 20022: (TBC)
EY report on DerivHack 2019 (Dealing with ISDA CDM implementation)