A data model for processing financial market and news data. (19th October 2009)

• Record Type: Journal Article
• Authors: Rabhi, Fethi A.; Guabtni, Adnene; Yao, Lawrence
• Is Part Of: International journal of electronic finance. Volume 3:Number 4(2009)
• Page Start: 387
• Page End: 403
• Publication Date: 2009-10-19
• Subjects: e-finance -- e-markets -- event-driven -- web services -- financial markets -- data modelling -- Thomson Reuters -- electronic finance -- electronic markets -- data repositories -- ontologies -- interoperability -- service-oriented architecture -- SOA; Financial services industry -- Computer networks -- Periodicals; Electronic commerce -- Periodicals; 332.178
• Languages: English
• ISSNs: 1746-0069

Abstract

Due to immense amounts of data being generated from financial markets in many different formats, professionals and academics face interoperability problems when analysing such data. This paper proposes a data model that gives a coherent view of the information available from financial market data repositories. The novel features of this data model include: modelling the behaviour of an electronic market as an extensible event-based class hierarchy, and using ontologies to represent financial data as a set of inter-related and meaningful events. Using this data model, we develop interoperable web services that process the data at a high level of abstraction using a Service-Oriented Architecture.