Gregory Maciag: Patent Claim Hits Data Standard

Friday, 07 December 2012

Patent Claim Hits Data Standard

Can proprietary standards block the take-up of industry standards? In the financial trading industry, that's what seems to be happening.

Fix Adapted for STreaming (FAST), “the first successful attempt at an industry-wide market data protocol”, has been hit by a patent infringement suit from Realtime Data. Whether the suit is successful or not, it will certainly mean a halt on uptake of FAST. I don't know the details of the case. But I'd ask: Was Realtime Data included in the development and promotion of FAST? . Market Data Standards

Posted on Friday, 07 December 2012 | Permalink

Comments

Verify your Comment

Previewing your Comment

Posted by: |

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:

Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Post a comment

Comments are moderated, and will not appear until the author has approved them.

New Book

My latest book presents the challenges members face when adopting industry standards as well as the opportunities that come as a result. It features my discussions with many people over many years and follows the foundation I set in my first book "The Business Information Revolution".

Industry standards are never adopted in a vacuum. They become part and parcel of all the trials and tribulations managers face in their day to day work. ACORD Standards are always part of a larger software development project that brings along people, priorities and politics. Adopting industry standards isn't simple, but the benefits far outweigh the problems of building and maintaining proprietary alternatives.

I trust that you will appreciate my frankness, identify with some of the challenges and learn from what others have done to pave the way.