Converging on XML for Securities & Investments

»Chris Lambert, »LogicaCMG

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Abstract

Investment institutions have a bewildering range of B-2-B messaging standards to chose from, and the arrival of XML promised to be the catalyst for sorting out the spaghetti. However success to date has been limited, with the simplicity of defining XML schemas and translating between formats encouraging a rash of bottom-up, stovepipe solutions - creating significant challenges in interworking between the various XMLs and legacy systems and formats. This presentation will provide an overview of investment sector messaging standards, the business drivers for convergence - and a route map towards implementing compatible, XML-based standards.

The full paper was not available at the time the proceedings were created. Please check the conference web site, http://www.xmleurope.com, to find an updated version of this paper.

Biography

»Chris Lambert

»LogicaCMG

»London

»United Kingdom

Email: chris.lambert@logicacmg.com

Web: http://www.logicacmg.com

Chris is UK Representative on ISO Working Group 10 'XML' and industry co-chair of its Reverse Engineering Project team. He participates in Financial Information Exchange (FIX) Working Groups on Mutual Funds and ISO XML Convergence and in SWIFT's Funds Industry Standards Working Group for Funds XML. He is also Deputy Chair of the UK Technical Standards Committee for the financial sector.Chris has held IT management and consultancy positions in the finance sector for 20 years, having started out in telecomms strategy, data standards and call centres. Recent assignments have included defining and implementing B-2-B message standards for funds distributors and fund management companies.