The following table lists those organizations, organized by relation, which MDDL has established (or seeks to establish) a working relationship with. Click here to see the full, alphabetized list.

• ANNA (Association of National Numbering Agencies) - providing the International Securities Identification Number (ISIN) in a uniform structure for use in any application in the trading and administration of securities in the international securities industry.

  The unique identification of securities is key to the value of MDDL, Straight Through Processing, and the general efficiency of the financial industry. FISD is working with ANNA, its members, and the various numbering agencies to identify a unique identifier that can be used throughout the industry and across all financial products. ANNA is also the maintenance authority for CFI.

• BMA (Bond Markets Association) - the trade association representing the largest securities markets in the world, the $17 trillion debt markets.

  The BMA has defined a Securities Master Database Portal Project to enable market participants to obtain certain basic new issue securities information. As MDDL already had a framework for this type of information, the BMA agreed to work with FISD to adapt MDDL for bond setup information - the result is MDDL 2.0 and the "debtDomain". The Portal Project has been sent out for RFP and the decision on selection of vendor for the project have yet to be announced. See the BMA Securities Master Database page for more information.

• CFI (Classification of Financial Instruments) - an outcome of WG6 of SC4.

  CFI, also known as ISO 10962:2001, lists the various financial instruments and standard vocabulary for identifying them. More can be seen at the ANNA site.

• FIX (Financial Information Exchange Protocol) - messaging standard developed specifically for the real-time electronic exchange of securities transactions. FIX is a public-domain specification owned and maintained by FIX Protocol, Ltd.

  From an MDDL point of view, FIX is seen as a "transaction" specification - although it acts more like a "pre-trade" protocol. FIX is based on the same ISO 15022 Vocabulary as SWIFT and so we hope to extend the ISO 15022 Data Field Dictionary to include the full range of MDDL vocabulary to allow full interoperability.

• FpML (Financial Products Markup Language) - the industry-standard protocol for complex financial products.

  FpML is seen as a "transaction" or "trade" format, as a function of ISDA (International Swaps and Derivatives Assocation), and defines messages for electronic dealing and processing of financial derivatives instruments. As with FIX and SWIFT, a normalization on ISO 15022 is expected allowing direct interoperability.

• GSTPag (Global Straight Through Processing) - a company focusing on bridging the past and future with technology and systems that work.

  The primary objectives of the GSTP solution are to accelerate the flow of trade information, to improve upon the accuracy and timeliness of such information and to minimise risk exposure, all for your benefit as an investment manager, broker/dealer, or global custodian, anywhere in the world.

• ISO 15022 (Data Field Dictionary) - sets the principles necessary to provide the different communities of users with the tools to design message types to support their specific information flows.

  This is the buzzword in standard financial information. It is the magical letters ISO (International Organization for Standardization) that makes this such a compelling venue for standardizing our industry. MDDL has begun the process of becoming a liaison member to SC4 so that we may speak for the market data reporting segment of the industry. By extending this vocabulary to include all the data fields necessary for market data, ISO 15022 becomes the repository for standardized financial industry terms by which all of our systems can interoperate (at least contextually).

• MISMO (Mortgage Industry Standards Maintenance Organization) - mission is to develop, promote, and maintain voluntary electronic commerce standards for the mortgage industry.

• NewsML (News Markup Language> - an offset of the IPTC (International Press Telecommunications Council) NewsML is intended to represent and manage news throughout its lifecycle, including production, interchange, and consumer use.

  The news industry frequently reports financial information - much of it market data reporting (look in any large newspaper to see the end-of-day quote for your favorite stock). It is our hope that the news industry can use the common markup of MDDL (or at least ISO 15022) for its news stories that are published in electronic format.

• NFA (National Futures Association) - to protect the public investor by maintaining the integrity of the marketplace.

• OMGEO (DTCC/Thomson Financial) - the leading provider of complete global trade management services, processing over one million trades per day and serving 6,000 broker-dealers, custodians and investment managers in more than 40 countries.

• RIXML (Research Information Exchange Markup Language) - a consortium of buy- and sell-side firms, is committed to the development of the first open standard for investment and financial research.

  As with NewsML, RIXML reports financial information that is derived from market data. RIXML takes an research report and delivers it adultered but marked up with "metadata" about the original research report. RIXML should use MDDL (or at least ISO 15022) definitions and syntax when document market data relevant financial information.

• SC4 (ISO TC 68 Sub Committee 4 - Securities and Related Financial Instruments) - the Subcommittee for securities of TC68.

  SC4 is the organization where most of the standards affecting the securities segment of the financial industry are sponsored into ISO for adoption as an international standard. It is here where ISO 15022 is defined. Hopefully, MDDL will become a liaison member to SC4 (in the new standards defining structure under review) so that we may speak for the market data industry at the international standards level.

• SDMX (Statistical Data and Metadata Exchange - A task force initiated by BIS, ECB, IMF, OECD, EUROSTAT, and UN to address standardization of the exchange of statistical information.

  The broad international reach of the SDMX effort is consistent with the scope of MDDL - as is the data. The original MDDL vocabulary included domains for "Indicators". The relationship with SDMX may lead to a common syntax, or at least a common vocabulary, for the international statistical data pursued by SDMX. This data would then be mapped into the appropriate MDDL domains.

• SIA (Securities Industry Association) - representing the shared interests of more than 600 securities firms to accomplish common goals.

  SIA member-firms (including investment banks, broker-dealers, and mutual fund companies) are active in all U.S. and foreign markets and in all phases of corporate and public finance. Collectively they employ more than 495,000 individuals, representing 97 percent of total employment in securities brokers and dealers. Thus, as FISD and SIA particpate in common objectives, it is our hope the securities industry will align with standards laterally - including MDDL!

• SMPG (Securities Market Practice Group) - offshoot of SWIFT to help with Market Practice Rules.

  The SMPG is a tactical initiative focused on enhancing the current securities industry infrastructure and bringing it closer to STP and normalized processing.

• SWIFT (Society for Worldwide Interbank Financial Telecommunication) - the industry-owned cooperative supplying secure messaging services and interface software to 7,000 financial institutions in 197 countries.

  SWIFT is a messaging network over which a pre-defined collection of messages can be transported between all sorts of counterparties. With FIX and FPML, SWIFT completes the physical connection necessary to do "pre-trade", "trade", and "post-trade" execution of securities transactions over a broad (though not complete) range of instruments. As SWIFT normalizes with FIX and ISO 15022 is expanded to include the broad range of market data information, MDDL is poised to provide the security master setup, reference data, and market data reporting functions over this network.

• TC68 (ISO Technical Committee 68 - Financial Services Industry) - A committee of ISO designated to develop international technical standards for the financial services industry, including banking and securities. .

  The parent committee of SC4.

• TWIST (Treasury Workstation Integration Standards Team) - a not-for-profit industry group delivering non-proprietary integration standards to facilitate an efficient, controlled and open dealing marketplace for financial instruments.

  TWIST represents the segment of treasury instruments and transactions. Ideally, TWIST would use MDDL syntax for its needs as an XML format for data interchange thus expanding the asset coverage of MDDL into treasury related instruments.

• XBRL (Extensible Business Reporting Language) - provides a common platform for critical business reporting processes and improves the reliability and ease of communicating financial data among users internal and external to the reporting enterprise.

  The business reporting and market data segments intertwine necessarily. For example, consider an XBRL document containing an end-of-year stockholders report where the share price at the end of the various quarters are quoted in addition to the earnings (and earnings per share). The share price, as obtained from the principal market of trading, is market data while the EPS is extracted from the business report. Principally, a common vocabulary is required (in XBRL speak - an MDDL-enhanced ISO 15022 taxonomy should be developed). Additionally, standards ways of linking between XBRL and MDDL documents should be refined and published.

• X9D (ANSI X9 D - Securities) - The ANSI (American National Standards Institute) X9 (Accredited Standards Committee) Securities Subcommittee.

  ANSI is the United States voting organization for ISO. X9D represents securities in that forum and FISD is a member. Thus, it is through X9D that the financial industry votes on international standards.

• And many more... To be included as they are identified.