What are all Financial Industries - Standards, Protocols and Data Model?

Question

First, let me agree this is not about programming. This is more about Financial Industry Architecture, and OpenStandards. It requires some exposure to banking (and financial) industry.

When I was preparing for TOGAF exam, I came across Open Standard available for DataModel, Service Model, Architecture for many industries.

(Example: ARTS has defined a data model for the Retail industry. Energistics has defined a data model for the Petrotechnical industry. FPL Defined fix protocol for trading. SWIFT & ISO has some standard about Interbank Messaging.)

I would like to know from this community What are all the OpenStandard - "protocol, datamodel, servicemodel" which you work with in Financial Industry? How many of them are really "Open" and widely used

Answer 1

Here are three widely used standards:

• FIX
• FpML
• SWIFT

Most standards are "member-owned" by organizations like ISDA, SWIFT or FPL that you can join. Many standards are free as in beer, although the companies usually earn money with reference implementations and other services.