A post relating to this item from Finextra:
12 October, 2010
Standards bodies bid to bring STP to tangled financial plumbing
Financial messaging bodies have agreed a common 'investment roadmap' designed to guide market participants through the confusing maze of multiple overlapping industry standards within the securities industry.
OK, it's easy to be cynical - but if all these groups can agree consistent data definitions, and maintain these in the ISO 20022 repository, then it genuinely solves a lot of problems. The varying formats and protocols are secondary to the meaning of the
underlying data, as Mike Bennett's excellent work for the EDM Council is demonstrating.