About FISD

FISD is a neutral forum that has served the financial information industry for 25 years. Our 200+ global member companies recognize that market data distribution, efficient trade execution, and regulatory compliance require a high level of consistent and predictable service - all of which are dependent on the close cooperation of many independent organizations and systems. Industry stakeholders support FISD as the forum of choice to identify and resolve the business and technical issues that affect the administration, distribution, and utilization of financial information.

The FISD agenda encompasses the wide range of commercial, technical, and regulatory issues that face the financial information industry. The specific events, working groups, and activities that FISD offers will change over time in response to member needs and the changing business environment, but key subject areas include:

  • Commercial policies for market and reference data
  • Legal and contractual issues
  • Market data administration - data permissioning, usage reporting, billing, and auditing
  • Legislative and regulatory developments that affect the creation and usage of financial information
  • Real-time data processing and connectivity
  • Indexes - the creation, distribution and usage of index information
  • Communications, product management and service delivery practices
  • Data standards and best practices
  • Data management
  • Intellectual property issues and data piracy
  • Human resources, organizational, and professional development

FISD assists its members in a variety of areas including:

  • Serving as an industry advocate for standard, transparent and efficient flow of financial information.
  • Supporting its members in dealing with regulatory issues
  • Providing access to education and training opportunities
  • Offering visibility and networking opportunities


The FISD agenda covers two broad areas within the financial information community:

The Market Data Business agenda addresses issues and implements projects related to the administration and commercial practices affecting the flow of financial information. FISD supports members by building consensus on guiding principles related to market data administration, publishing best practice recommendations, and helping improve the overall transparency and efficiency of administrative processes.

The Securities Processing Automation agenda encompasses areas related to the automatic processing and data management activities of financial instruments, including reference data, trade reporting, and settlement. FISD works with members to define standards used in securities processing and facilitates development of needs and requirements for automated processing. FISD serves as a liaison to the International Standards Organization (ISO) working groups for Business Entity Identifiers, Securities Data Model and International Securities Identification Numbers and works closely with other standards bodies to promote efficiency and transparency.


Best Practices: A key activity within FISD is the development and advocacy of best practice recommendations (BPRs). The BPRs set a basic standard of consistency and efficiency for industry policies and practices. BPRs represent a consensus resulting from significant discussion and debate of individuals representing a diverse spectrum of FISD member firms.

Events: FISD hosts a range of programs globally. Most of the programs are free for members and feature a broad array of content presented in a variety of formats. Our networking events were voted by our membership as the most valuable service they receive.

Working Groups: In our role as a neutral industry forum, FISD creates and manages working group discussions that discuss and seek to identify consensus on issues related to financial information. By participating in a working group you have your hand on the pulse of industry issues.

Connect & Communicate with the FISD Network: FISD has an assortment of vehicles to assist members in staying connected to the market data community:

Visibility: FISD offers members visibility to the industry via:

  • Speaking opportunities
  • Exhibiting
  • Outlet for press releases
  • Distribution of white papers and presentations

Professional Development: FISD promotes career building initiatives for financial information professionals