IS 18680 : Part 5 : 2024/ISO/TR 22126-5 : 2022 Financial Services - Semantic Technology - Part 5 Mapping from FIX Orchestra to the Common Model

ICS 03.060; 35.240.40

SSD 03

NATIONAL FOREWORD

This Indian Standard (Part 5) which is identical to ISO/TR 22126-5 : 2022 'Financial services - Semantic technology - Part 5: Mapping from FIX Orchestra to the common model' issued by International Organization for Standardization (ISO) was adopted by the Bureau of Indian Standards on the recommendations of Banking and Financial Services Sectional Committee and approval of the Service Sector Division Council.

FIX Orchestra is a standard issued by FIX Trading Community to exchange message structures, workflow choreographies and application behaviours between trading counterparties. The objective was to map multiple financial protocols, including FIX, to ISO 20022, a common model, so that they can be compared, and for commonalities to be identified. Any deficiencies of the model discovered will be rectified so that its capacity to support other financial industry protocols can be improved in future versions.

The text of ISO standard has been approved as suitable for publication as an Indian Standard without deviations. Certain conventions are, however, not identical to those used in Indian Standards. Attention is particularly drawn to the following:

 a) Wherever the words 'International Standard' appear referring to this standard, they should be read as 'Indian Standard'; and

 b) Comma (,) has been used as a decimal marker while in Indian Standards, the current practice is to use a point (.) as the decimal marker.