|
|
2nd Annual XML for Market Data:
Moving Content to Source Application
A foundational look at the realities of generating, distributing and
processing market data in XML to improve the value for both pricing information
and reference data.
Market data – regardless of whether it is sourced from an exchange, vendor, or
contributor – is only valuable if it reaches the end user or application in an
understandable form in an acceptable timeframe.
The use of data and interface standards can help normalize content and lead to
more efficient processing. However, implementing standards-based XML can be
complex and must be carefully considered so that – while maintaining the
throughput that is required in today’s environment –expansion and system changes
are possible.
XML for Market Data will reinforce the validity of using industry standards in
the market data industry and provide insight into the implementation of flexible
XML-based content processing which is necessary for the effective management of
existing and emerging market data systems.
9:00 – 9:15 am
|
Welcome and Opening Remarks |
| 9:15-10:15 am |
Moving Toward a Data Centric View of Securities Processing
Financial institutions are
making strong internal information architecture and reference data pushes to
normalize data, synchronize master files and integrate data from multiple
sources. Efficiency is still the mantra – not so much about connectivity as it
is about data consistency, accuracy and interoperability. The opening session
will focus on the factors driving this “data centric” view of securities
processing and why it is fundamental at Merrill Lynch.
Andrew Brown, Chief Architect, Merrill Lynch, IDS Tag
Sanjay
Vatsa, First Vice President, Merrill Lynch Investment Managers |
| 10:30
am – 12:00 pm |
Realities of an Industry Standard Protocol for Market Data
XML for streaming market
data? FISD believes the answer to this is an emphatic yes – with sufficient
throughput for volatile markets – and we can prove it! fisdMessage is being
designed as an industry standard protocol to receive and distribute both
reference data (static) and real time (streaming) pricing information – meaning
less infrastructure costs for integrating data from multiple sources. This
session will feature a demonstration of the capabilities of fisdMessage as well
as an interactive debate on the value of an industry standard protocol to
significantly reduce costs in the design, production and maintenance of
datafeeds, processing systems and applications.
James Hartley,
Chief Technologist, SIIA/FISD Information Services Division
Standard
Protocol Roundtable
Howard Bomze, Senior VP, Global Equities Technology, Lehman Brothers Inc.
Emilio Mercado, VP Commercial Management, Datafeed Products
Thomson Financial
Edmund Flynn, Director, Market Data Services, Fidelity Investments
|
| 12:00 – 1:15 pm |
Networking Luncheon & Discussion: Designing for Flexibility in XML Implementation
XML has been touted as “the solution”
for data interchange applications because of its self-describing nature and its
flexibility to add new content. Modern data intensive applications demand
responsiveness and adaptability – but at what cost? A practitioner takes a look
at the reality of implementing XML-based systems without incurring undue
development, processing, and maintenance overhead.
|
| 1:15 –
2:00 pm |
Case Study on XML Strategy
Margret Hibschman, Global IT Product Head, Barclays Global Investors |
| 2:00 –
3:30 pm |
Standard Market Data Terms, Definitions
& Relationships
Standard, granular and
transparent market data terms and definitions (including how the data elements
relate to one another) is the logical basis of any reference data and
information exchange strategy within financial institutions. It is fundamental
to get the market data vocabulary right to eliminate confusion about the meaning
of terms regardless of source and to ensure completeness of data elements
required for any application. This interactive roundtable discussion will put
the debate over market data vocabulary into perspective including the status of
efforts to create a global standard data model within ISO.
Michael Atkin,
VP & Director, SIIA/Financial Information Services Division
Tim Lind, Senior Analyst, The Tower Group
Steve Ostroskey, Senior Product Manager, FT Interactive Data Corporation
John White, Principal, State Street Global
Advisor |
| 3:30 –
4:15 pm |
Case Study on MDDL Implementation
Steve Ostroskey, Senior Product Manager, FT Interactive Data Corporation
|
| 4:30 pm |
Networking Reception |
|
|
