XML format for Market Data

[rhossis]

Hi,
We are in process of centralizing our Market Data information management by hosting it on cloud. Client applications will connect and download signed data which will update their applications. In choosing to be guided by a market standard, this project we originally had identified Market Data Definition Language as the protocol of choice. Have any better alternatives emerged, progress in that project seems to be a little stagnant, to say the least. Does it have a particular spec that superseded / succeeded it? At the same time, FpML seems a bit complex and verbose for what we want to do which involves securities features creation and updates primarily

Regards,
Rhoss

 

[rholowczak]

By "Market Data" do you mean quote and trade data or something that updates less frequently such as end of day pricing, balance sheet data, etc. FIXML is another alternative you might consider: http://www.fixtradingcommunity.org/pg/file/fplpo/read/30011/fixml-44-schema-specification-revision-1