
Elsevier UK Jobcode:QMS Chapter:Ch11-H6839 31-7-2007 9:15a.m. Page:174 Trimsize:165
×234MM
Fonts used:Times & Optima Margins:Top:13mm Gutter:25mm Font Size:10/13 Text Width:120mm Depth:41 Lines
174 MDDL and the Quest for a Market Data Standard
ISO standards in the financial sector
Since its creation over 60 years ago, ISO, and in particular Technical Committee 68
(TC68), has played an important role in directing the financial industry.
Some of the success stories include the creation of ISO 15022 (Post-Trade
and Settlement Messages) and ISO 16372 (International Business Entity Identi-
fication) (see Figure 11.14). ISO 15022 is a non-XML standard that ...