Improving Reference Data Quality; White Paper Released by Foliage Software Systems; Solutions Help Financial Firms to Reduce Trade Failures.Business Editors/High-Tech Writers BURLINGTON, Mass.--(BUSINESS WIRE)--Oct. 9, 2003 Today Foliage Software Systems announced the release of a new white paper titled Improving Reference Data Quality. Foliage has leveraged its experience building centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. reference data solutions to write about the most effective ways to solve the quality problems reference data creates in the trade cycle. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a Tower Group survey, the financial industry is spending a great deal of money and time in an effort to remove reference data as the prime culprit behind an estimated 45% of trade failures. The white paper, authored by Eric Livingston, Engineering Director, shares insights on: -- The role of Market Data Definition Language (MDDL MDDL Market Data Definition Language MDDL Medical Device Data Language MDDL Minimum-Diameter Degree-Limited ), an open XML based XML Base is a W3C recommendation, that proposes a facility for defining base URIs for parts of XML documents. XML Base recommendation was adopted on 2001-06-27. External links
standard for representing market reference data -- Enterprise data consolidation, reconciliation of internal data, centralized management, and management of external data vendor feeds -- Critical data definition issues including: lack of unique identifiers for instruments and counterparties, missing and/or ambiguous settlement data, and common definitions for trade related terms Foliage has recently been selected by the Financial Information Services See Information Systems. Division (FISD FISD Federazione Italiana Sport Disabili FISD Frisco Independent School District (Texas) FISD Friendswood Independent School District (Texas) FISD Federal Investigative Services Division ) of the Software & Information Industry Association (SIIA (Software & Information Industry Association, Washington, DC, www.siia.net) A trade organization devoted to the health and welfare of the software and digital content industry by providing support in government relations, business development, education and intellectual property ) to create the Market Data Definition Language toolkit. According to Ron Rubbico, Foliage's Co-CEO, "Reference data is a large and multi-dimensional problem with significant business, technology, and organizational implications. This paper and the creation of the MDDL toolkit are two enhancements to our core work in strategy, architecture, and software implementation to solve reference data related problems." This white paper will be distributed to attendees at the Software Information Industry Association's World Financial Information Conference Oct. 14-16 in Washington, D.C. as part of Foliage's conference sponsorship and can also be downloaded at www.foliage.com/refq2 About Foliage Software Systems Foliage delivers custom software development, complex systems integration, architecture, and technology consulting services to leading global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firms. Foliage helps clients to reduce the risks associated with complex software development projects. Foliage software engineers and project managers, who have an average of over 20 years of experience, have completed 175 projects since the company was founded in 1991. The company has been named to the Deloitte and Touche Fast 50 for three consecutive years and to Software Magazine's Software 500 for two years. Foliage is headquartered in Burlington, MA and has a development and sales center in Campbell, CA. Visit www.foliage.com/refq2 |
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