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An article relating to this blog post on Finextra:

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 i...

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It's all about the meaning of the data

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.


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