As part of MIKE2.0, we believe we are presenting a unique perspective in the area of standards development. Our approach is to create a collaborative community for the development of standards for Information Management, including those that apply to Capital Markets.

Some interesting work around open source and open standards is developing in relation to market data:

• Market Data Definition Language (MDDL) is an extensible Markup Language (XML) derived specification, which facilitates the interchange of information about financial instruments used throughout the world’s markets. A community is build around MDDL, including a wiki-based development environment.

• FAST (FIX Adapted for Streaming data) protocol is emerging standard used for the distribution of market data. Some of the steps being discussed with the open sourcing of FAST could be seen be particularly beneficial to this standard as it continues to evolve.

With open content and collaborative technologies, it’s easy for these projects to work together and we’ve starting doing this through MIKE2.0 with references to these projects.

If you want an enhanced editing experience and you’re using Firefox, try installing wikEd. Its a WYSIWYM editor that provides functionality such as copy-and-paste from word.

For now we’re having a using-driven installation on the MIKE2.0 site but may provide it for a general release.

1. Log in.

2. Figure out which skin you’re using: http://mike2.openmethodology.org/wiki/Special:Preferences (or any other wiki instance), 2nd tab is “skins”.

3. Edit http://mike2.openmethodology.org/wiki/User:firstname.lastname/mike2.js

Add the following text to the end of the page (it’s OK if it’s empty to begin with):

// install [[User:Cacycle/wikEd]] in-browser text editor

document.write(’<script type=”text/javascript” src=”‘

+ ‘http://en.wikipedia.org/w/index.php?title=User:Cacycle/wikEd.js‘

+ ‘&action=raw&ctype=text/javascript”></’ + ’script>’);

4. SHIFT + Reload the page, the editor should be there.

As an example go to: http://mike2.openmethodology.org/wiki/User:Sean.mcclowry/mike2.js

This approach could also be installed on other recent versions of MediaWiki that provide user-enabled scripting (such as BearingPoint’s IM Collab environment).

For more information, go to the wikEd home page.