FISD seeks exchange and vendor standardisation
London – The financial information services division (FISD) of the Software & Information Industry Association has announced a set of proposals aimed at standardising exchange and vendor administrative policies and procedures. They were discussed at the FISD's general membership meeting on Thursday, March 3, in London.
Three elements of the new initiative, called Business Issues Policy Procedure Standards (BIPPS), were approved by the FISD executive committee.
The first focuses on exchange data delay intervals. The goal is to agree on a uniform delay structure after which exchange data is not fee-liable. "There are over a dozen different time frames in this area. The delay interval should be no longer than 20
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