XML For Market Data Defining the Reference Data Standard by bns26590

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									                                XML For Market Data
                                Defining the Reference Data Standard



                                          James T. Leman
                                         Managing Director,
                          Electronic Equity Trading and Connectivity
                                           April 28th, 2003



Citigroup Global Markets Inc.
Relevance of Reference Data to the Transaction Life Cycle

                      Indication of
   Pre-trade          Interest/       Execution      Confirmation    Clearing     Custody
                      Order           Mgmt/ Deal         and           And       and Asset
   Research
                      Management      Capture         Allocation    Settlement   Servicing




       Securities Ref. Data:              Entity Ref. Data:
       • Instrument Identifiers           • Client Data
       • Descriptive data                        •Contact data
       • Attributes
       • Rates/Codes




    Content              Buy           Sell            Execution      Custody
                                                                                    CSDs
    Providers            Side          Side              Venues       Clearing



Source-Reuters LTD
Relevance of Reference Data to the Transaction Life Cycle
                        Indication of
    Pre-trade           Interest/       Execution       Confirmation      Clearing       Custody
                        Order           Mgmt/ Deal          and             And         and Asset
    Research
                        Management      Capture          Allocation      Settlement     Servicing




        Securities Ref. Data:               Entity Ref. Data:                    Ancillary Ref. Data:
        • Instrument Identifiers            •Counterparty Data                   •Location of Trading
        • Descriptive data                         •Entity Identifiers
        • Attributes                        • Client Data
        • Rates/Codes                              •Contact data
        •Calendars
        •Taxes




     Content                 Buy         Sell             Execution       Custody
     Providers                                                                              CSDs
                             Side        Side              Venues         Clearing


 Source-Reuters LTD
Relevance of Reference Data to the Transaction Life Cycle

                        Indication of
    Pre-trade           Interest/       Execution         Confirmation    Clearing        Custody
                        Order           Mgmt/ Deal            and           And          and Asset
    Research
                        Management      Capture            Allocation    Settlement      Servicing




        Securities Ref. Data:                   Entity Ref. Data:                Ancillary Ref. Data:
        • Instrument Identifiers         •Counterparty Data                      •Location of Trading
        • Descriptive data                       •Entity Identifiers

        • Attributes                     • Client Data
                                                •Legal entity IDs
        • Rates/Codes
                                                •Contact data
        •Calendars                              •Credit Profiles
        •Taxes                                  •Account #’s
                                                •Commission rates




     Content                 Buy         Sell                Execution     Custody
                                                                                              CSDs
     Providers               Side        Side                  Venues      Clearing



 Source-Reuters LTD
Relevance of Reference Data to the Transaction Life Cycle

                        Indication of
    Pre-trade           Interest/       Execution         Confirmation    Clearing         Custody
                        Order           Mgmt/ Deal            and           And           and Asset
    Research
                        Management      Capture            Allocation    Settlement       Servicing



        Securities Ref. Data:                   Entity Ref. Data:
                                                                                      Ancillary Ref. Data:
        • Instrument Identifiers         •Counterparty Data
                                                                                      •Location of Trading
        • Descriptive data                       •Entity Identifiers

        • Attributes                             •SSIs
                                         • Client Data
        • Rates/Codes
                                                •Legal entity Ids                     •Market Practice
        •Calendars                              •Contact data
                                                                                      information
        •Taxes                                  •Credit Profiles
                                                •Account #’s
                                                •Commission rates
                                                •Conf’mn info


     Content                 Buy         Sell                Execution     Custody
                                                                                               CSDs
     Providers               Side        Side                  Venues      Clearing



 Source-Reuters LTD
Relevance of Reference Data to the Transaction Life Cycle
                        Indication of
    Pre-trade           Interest/       Execution        Confirmation    Clearing        Custody
                        Order           Mgmt/ Deal           and           And          and Asset
    Research
                        Management      Capture           Allocation    Settlement      Servicing



                                                Entity Ref. Data:
        Securities Ref. Data:                                                   Ancillary Ref. Data:
                                         •Counterparty Data
        • Instrument Identifiers                                                •Location of Trading
                                                •Entity Identifiers
        • Descriptive data                      •CSD Identifiers                •Location of Settlement
        • Attributes                            •Clearing Acct. #s
                                                •SSIs
        • Rates/Codes                    • Client Data
                                                •Legal entity Ids
        •Calendars                                                              •Market Practice
                                                •Contact data
                                                                                information
        •Taxes                                  •Credit Profiles
                                                •Account #’s
                                                •Commission rates
                                                •Conf’mn info


     Content                 Buy         Sell               Execution     Custody
                                                                                            CSDs
     Providers               Side        Side                Venues       Clearing



 Source-Reuters LTD
Relevance of Reference Data to the Transaction Life Cycle
                        Indication of
    Pre-trade           Interest/       Execution         Confirmation       Clearing         Custody
                        Order           Mgmt/ Deal            and              And           and Asset
    Research
                        Management      Capture            Allocation       Settlement       Servicing



                                                Entity Ref. Data:
        Securities Ref. Data:                                                            Ancillary Ref. Data:
                                         •Counterparty Data
        • Instrument Identifiers                •Entity Identifiers                      •Location of Trading
        • Descriptive data                      •CSD Identifiers                         •Location of Settlement
                                                •Clearing Acct. #s
        • Attributes                                                                     •Corporate Actions
                                                •SSIs
        • Rates/Codes                                                                    •Market Practice
                                         • ClientData
                                                                                         information
        •Calendars                              •Legal entity Ids
                                                •Contact data                            •Other Asset servicing
        •Taxes                                                                           data
                                                •Credit Profiles
                                                •Account #’s
                                                •Commission rates
                                                •Conf’mn info


     Content                 Buy         Sell                   Execution    Custody/
                                                                                                  CSDs
     Providers               Side        Side                    Venues       Clearing



 Source-Reuters LTD
Relevance of Reference Data to the Transaction Life Cycle
                       Indication of
    Pre-trade          Interest/       Execution       Confirmation     Clearing        Custody
                       Order           Mgmt/ Deal          and            And          and Asset
    Research
                       Management      Capture          Allocation     Settlement      Servicing



                                          Entity Ref. Data:
                                                                                    Ancillary Ref. Data:
        Securities Ref. Data:             •Counterparty Data
                                                 •Entity Identifiers                •Location of Trading
        • Instrument Identifiers
                                                 •CSD Identifiers                   •Location of
        • Descriptive data
                                                 •Clearing Acct. #s                 Settlement
        • Attributes                             •SSIs                              •Corporate Actions
        • Rates/Codes                     • Client Data                             •Market Practice
        •Calendars                               •Legal entity Ids                  information
                                                 •Contact data
        •Taxes                                   •Credit Profiles                   •Other Asset
                                                 •Account #’s                       servicing data
                                                 •Commission rates
                                                 •Conf’mn info


     Content              Buy           Sell             Execution       Custody
                                                                                           CSDs
     Providers            Side          Side               Venues        Clearing



 Source-Reuters LTD
Conclusion

  • Review Plans Underway or Completed
  •Create Strategy for Multiple Version Control
  •Participate in REDAC/RDUG Deliberations
  •Dialogue with Key Supporting Vendors
  •Monitor Developments in Standards Adoption

								
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