BizAnalyst Network

Hedge Funds Leverage FpML with DSWG: Data Standards Working Group

Hedge Funds Leverage FpML with DSWG: Data Standards Working Group
By John Sandman

With the growth of hedge funds comes the need for automation. That need is testing the limits of asset class-specific messaging, however: the strategy of alternative investment vehicles rarely involves apples-to-apples trading of instruments in a market that is chock full of new styles and assets. Tracking trades becomes more difficult in the derivatives space, for example, because the contracts lack identifiers that come with other securities such as Cusip numbers or ticker symbols.

The Data Standards Working Group, an initiative by a group of about 12 major hedge funds, was set up to deal with these issues...

Full Story
http://www.securitiesindustry.com/article.cfm?articleid=14903

Learn more about DSWG - Data Standards Working Group
http://www.fpml.org/documents/proposals.html

posted by Victor Lloyd Smith @ 5:06 PM