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
Here are three widely used standards:
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.