About FISD
ABOUT FISD
The Financial Information Services Division (FISD) of the Software and Information Industry Association (SIIA) is an internationally recognized non-profit organization that provides a neutral forum supporting the global financial information industry. We understand that market data distribution and efficient trade execution 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 distribution, management, administration and use of financial data.
FISD currently has 150+ member organizations encompassing market data consumers including banks, brokerages, asset management and investment firms, and hedge funds; content providers including exchanges, news organizations, inter-dealer brokers, and automated trading systems; and vendors, including market data vendors, redistributors, inventory management, platform and permissioning system providers, network providers, software developers, consulting firms and other professional services.
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
AGENDA
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.
MEMBER BENEFITS
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:
*Contacts Database: provides members access to an industry rolodex
*FISD Linked-In group: allows members to connect and share
*Twitter: Member & industry updates.
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
*Training Courses
*Job Search Resources
*Professional Certification - In 2010, FISD launched a basic-level credential for financial information industry professionals