What are all financial industries — standards, protocols, and a data model?

Question

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

(Example: ARTS has defined a retail data model. Energy has defined a petroleum industry data model. FPL Defined protocol for trade. SWIFT and ISO have some standards for interbank communications.)

I would like to learn from this community What is OpenStandard - the "protocol, datamodel, servicemodel" that you work with in the Financial Industry? How many of them are truly “open” and widely used

Answer 1

Here are three commonly used standards:

• Fix
• Fpml
• Swift

Most standards are “members” of organizations such as ISDA , SWIFT, or FPL , which you can join. Many standards are free, like in beer, although companies usually make money with reference implementations and other services.

Answer 2

The main standard for financial services is ISO 20022 . SWIFT, ISDA (FpML), FPL (FIX) and many others are part of the ISO 20022 community.

ISO 20022 is distinguished by the fact that it covers all financial services - from cards to regulators.