ISO/TR 7340:2023 金融サービスにおける参照データ配布 | ページ 2

Foreword

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This document was prepared by Technical Committee ISO/TC 68, Financial services, Subcommittee SC 9, Information exchange for financial services.

Introduction

0.1 Opening comments

With the increasing correlation between financial products, a lot of reference data (trading product, trading institution, trader information) are shared and reused in financial services. There is an urgent and significant worldwide demand for guidance and standardization of reference data distribution in financial services. Moreover, many industries expect efficient data distribution to ensure consistency, integrity, relevance and accuracy.

This document covers distribution modes (distributed and centralized), task scheduling, privacy protection, security and other issues. Data consistency and security are fundamental concerns for distributors, receivers, the ordered execution of the distribution tasks and independent distribution tasks of different receiver systems. Efficient distribution can achieve the goal of real-time synchronization of reference data, ensure that all organizations receive the most accurate data information in time and prevent system operation problems caused by information asymmetry.

This document's potential applications are independent of specific business scenarios and irrelevant to data type and data format specifications.

This document is intended to provide:

• reference information for distributors;
• new products and services for developers;
• benefits for receivers using reference data.

The purpose of this document is to simplify the data processing procedure, as well as improve the data distribution reliability and data sharing capabilities. Specifically, it will include two distribution modes: centralized distribution mode and distributed distribution mode. The former is traditional and the latter is emerging. Therefore, this document will be conducive to promoting new solutions for reference data distribution scenarios, such as distributed ledger technology. These benefits would be realized between certain service participants and within them.

0.2 How to approach this document

This document aims to provide a comprehensive insight into the development of reference data interfaces (RDIs) to realize efficient reference data distribution in financial services. In this sense, some aspects of the document are more mature than others. For example, the text is prescriptive where there is room to be so; where areas are less mature, commentary on good practice is provided and the considerations set out.

Broadly speaking, the document adopts the following logic:

• terms and definitions: all terms in the document;
• design principles: the principles and considerations for the design of the RDI;
• related technology: considerations and commentaries on different technologies;
• business model: the transmission process of public reference data and financial data standards;
• logical model: analysis of the logical structure of business data;
• physical model: overview and commentaries on the broker-based model and the non-broker-based model;
• interactions: considerations of the interactions between publishers and subscribers;
• QoS control: control of the network resource application in the transmission of reference data.

1 Scope

This document discusses the modes, related mainstream technologies, logical models, physical implementation models, data management (data storage and data security) and service quality control used in the reference data distribution in financial services.

This document applies to the reference data distribution and transmission processes in financial services.

2 Normative references

There are no normative references in this document.

3 Terms and definitions

For the purposes of this document, the following terms and definitions apply.

ISO and IEC maintain terminology databases for use in standardization at the following addresses:

Bibliography