Customer Reviews

MDDL and the Quest for a Market Data Standard: Explanation, Rationale, and Implementation (The Elsevier and Mondo Visione World Capital Markets)

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I work with market data every working day so have a high level of knowledge concerning it. But when a new standard comes along, particularly one where a fair amount of abstraction of the domain is applied, it is difficult to map real world data into that abstract model. This is where the book is essential reading. It gives practical application of real world data and real world uses of that data using the MDDL model. This greatly accelerates the application of this model to practical uses.

It covers a lot of ground with comparisons to other standards and the use of MDDL in different business contexts. There are many examples of the use of MDDL. The depth of coverage is limited due to the size of the book and the breadth of the MDDL standard.

It is not without flaws, the publishers should be ashamed, nearly a typo per page and the index is way off. But even with these flaws it is an essential book for any student of MDDL or anyone who is interested in data modelling of financial data.