In 2010, a number of the leading standards and industry organizations came together to try and work together in an effort that came to be published as the Investment Roadmap (Figure 8.1 and Figure 8.2).1 The six major organizations (FISD, FIX Protocol Limited, FpML, ISITC, SWIFT, and XBRL US), proposed that the work would be a step toward creating a single business model across the securities business, and enable interoperability. The main goal of the roadmap, from senior sponsors, was to understand where to put investment dollars necessary to shore up and enable some sort of framework focusing on what standards should be used for what processes. There was recognition of the need to find a way to interoperate ...
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