Latest News: From all Sources
ISDA Launches New Industry Initiative for a Derivatives Product Identification Standard
ISDA.org – September 22, 2015: The International Swaps and Derivatives Association, Inc. (ISDA) has launched a new industry data project, aimed at developing an open-source standard derivatives product identification system that can be applied consistently and comprehensively across all derivatives facilities, including trading venues, clearing houses, repositories and other infrastructures....ISDA is overseeing the symbology project, which involves a consortium of buy- and sell-side market participants, vendors, platforms and trade associations. London-based capital markets technology consultancy Etrading Software is acting as project manager.
The initiative comes in response to a variety of regulatory changes, including the European Union's revised Markets in Financial Instruments Directive/Regulation (MIFID II/MIFIR) and the US Securities and Exchange Commission's (SEC) reporting rules, which require a standardized means of identifying derivatives instruments at a granular level. A common methodology for classifying and identifying derivatives instruments across all platforms will also cut complexity and costs for market participants that need to connect to multiple trading venues, and simplify the distribution of liquidity....The consortium will initially work to produce globally standardized symbols for credit, rates and equity derivatives in 2015.... ...Full Story
How open source can help businesses reclaim control of IT
Information Age – September 22, 2015: In an age where data availability and visibility is crucial, many organisations have found that their existing infrastructure has severely limited their options. Sometimes this is down to poor system design that prevents interoperability, but in others the intention is deliberate – a practice known as 'vendor lock-in'.
The specific goal of vendor lock-in is to limit a customer's choices for future IT developments. If the customer wants to extend its system or add new functionality, it will need to 'choose' the relevant equivalent from the vendor or one of its 'certified partners'....Today, 45% of organisations cite a lack of supplier dependency as a reason for choosing open-source software (OSS). This is fractionally behind increased ability to innovate (47%), open technology (also 47%) and cost savings (46%), all of which are closely related and essential to building an agile, competitive business infrastructure....Knowing the value of a customer's data, some vendors employ proprietary data formats that are specifically designed to make data export difficult. Should an organisation try and move away from the service, it may find that there are significant secondary costs involved, not least the time spent trying to maintain data integrity throughout the process....When considering potential partnerships, businesses should always keep the following factors in mind to help avoid vendor lock-in:... ...Full Story
State Council Releases Action Plan For Standardization Reform
USITO.org – September 21, 2015: On September 10, the State Council released the
2015-2016 Action Plan for the "Framework Plan for Implementing Deepening Reform in Standardization Work", which specifies detailed department tasks and responsibilities for the first phase of reform. The Action Plan marks the first implementation policy since the general agenda was released in March 2014.
The Action Plan includes 14 specific reform tasks in six key areas:
- Revise and clean up the current national, industry and local standards system
- Develop pilot programs of consortia and enterprise standards
- Improve the management of standardization technical committees (TCs)
- Improve the international level of China's standards by further opening up the standards-setting process to foreign-invested companies
- Establish standardization information disclosure and sharing systems to ensure transparency
- Accelerate the revision of the China Standardization Law and its implementing regulations
- Encourage local governments to establish standardization leading coordination and promotion groups ...Full Story
talian Ministry of Defense moves to LibreOffice
Steven J. Vaughan-Nichols
ZDNet – September 18, 2015: In Rome, the LibreItalia Association NGO, a non-profit group devoted to promoting the LibreOffice open-source office-suite, announced that the Italian Ministry of Defense Information Systems is adopting LibreOffice. This means that 150,000 desktops will be switching from Microsoft Office to LibreOffice....In addition to switching to LibreOffice, the ministry will adopt the ISO standard Open Document Format (ODF) for official government documents. Last year, the United Kingdom made ODF its official government document format.... ...Full Story
New EEMBC® CoreMark®-Pro Benchmark Bumps Processor Benchmarking Capabilities
EEMBC – September 18, 2015: The Embedded Microprocessor Benchmark Consortium today announced the availability of CoreMark®-Pro, a comprehensive, advanced processor benchmark working with, and enhancing, the market-proven industry-standard EEMBC CoreMark benchmark. While CoreMark stresses the CPU pipeline, CoreMark-Pro tests the entire processor, adding comprehensive support for multicore technology, a combination of integer and floating-point workloads, and data sets for utilizing larger memory subsystems....The EEMBC CoreMark-Pro benchmark contains five prevalent integer workloads and four popular floating-point workloads. The integer workloads include JPEG compression, ZIP compression, an XML parser, the SHA-256 Secure Hash Algorithm, and a more memory-intensive version of the original CoreMark. The floating-point workloads include a fast Fourier transform (FFT), a linear algebra routine derived from LINPACK, a greatly improved version of the Livermore loops benchmark, and a neural net algorithm to evaluate patterns.... ...Full Story
Voters concerned a cyberattack could impact the 2016 presidential election
SC Magazine – September 17, 2015: The presidential election is still more than a year away, but with cyber breaches recently striking several federal agencies the cybersecurity is at the forefront of voters and candidates....The study found 64 percent of registered U.S. voters believe the upcoming presidential campaign will be compromised in some fashion.... [AU: And here's how it could be done: http://amzn.com/B010RF882O ] ...Full Story
AMP consortium adds another power standard
New Electronics – September 17, 2015: ...the Architects of Modern Power (AMP) consortium has announced a further standard aimed at establishing common mechanical and electrical specifications for the development of advanced power conversion technology for distributed power systems.
Called teraAMP, the standard has been designed for non isolated digital point of load (POL) DC/DC converters and is said by the AMP group to extend the current range from 90 to 120A.
The consortium was unveiled in October 2014 by founder members CUI, Ericsson Power Modules and Murata Power Solutions. The three said the move was made for a number of reasons, including supply chain security, customer choice and to accelerate innovation....
Products based on the teraAMP standard are expected to be announced at APEC 2015. ...Full Story
Report: Cybersecurity Market To Grow By Up To 25 Percent Annually
Manufacturing.net – September 16, 2015: A new analysis by consulting firm Frost & Sullivan said that customized security systems will become standard as manufacturers increasingly transition to the industrial Internet of Things.
The report, titled "The Safety-Security Argument: Expanding Needs in a Connected Enterprise," projected that the global market for cybersecurity control systems will climb by between 20 percent and 25 percent annually through 2021.
F&S analysts said that designed solutions will take the place of default security strategies, with a particular emphasis on systems that can sense and respond to threats within specific industrial ecosystems....Currently, the report said that companies utilize a broad, layered cybersecurity approach while industry groups develop standards.... ...Full Story
Wi-SUN Alliance Releases Technical Profile Specification for IEEE 802.15.4g Standard-Based Field Area Networks
T&D World – September 16, 2015: The Wi-SUN Alliance has released a feature complete version of its technical profile specification for field area network communications. The specification brings Smart Utility Networks to enterprises, service providers and municipalities by enabling interoperable, multi-service and secure IPv6 communications over an IEEE 802.15.4g-based wireless mesh network. Mesh-enabled field area networks provide resilient, secure and cost effective connectivity with extremely good coverage in a range of topographical environments, from dense urban neighborhoods to rural areas, with minimal additional infrastructure....This new specification is designed to enable this wireless connectivity in advanced metering infrastructure (AMI), distribution automation (DA), and smart cities (e.g., networked street lighting or other critical infrastructure) across all regions that are addressed by the IEEE 802.15.4g global standard. Regions supported by this specification, now and in the near future, include North America, Japan, Brazil, Australia, Asia Pacific, India, Europe, the Middle East and South Africa.... ...Full Story
Kammarkollegiet in Sweden Releases Updated List of Open Standards
Kammarkollegiet – September 15, 2015: The text is is in Swedish, but the list of 23 standards is by acronym and/or English. It includes 10 IETF standards, 7 W3C standards, 4 ISO standards, and two OASIS standards, one of which is ODF 1.2. ...Full Story
Google, Twitter and Publishers Seek Faster Web
CONOR DOUGHERTY and VINDU GOEL
New York Times – September 14, 2015: In a world where many people read everything on mobile phones, a few seconds of load time can mean the gain or loss of millions of readers and advertising dollars.
Now Google wants to help publishers — and itself — by speeding things up.
Google is working with the social media service Twitter and major news publishers like The Guardian and The New York Times to create a new kind of web link and article storage system that would load online news articles and digital magazine pieces in a few milliseconds, according to several people involved in the project. That is a fraction of the five to 10 seconds it can take to load a typical website....The goal is to develop a universal standard for publishers — one that could be used to load articles more quickly wherever they appear. But accomplishing that while retaining the look and feel of those pages has proved difficult.... ...Full Story
UK government backs away from Microsoft, moves closer to Open Document Format
Ars Technica – September11, 2015: ...the UK government has published 18 guides offering detailed information about the Open Document Format (ODF) standard and how to move organisations to ODF-compliant solutions.
ODF 1.2 was selected last year as the standard for editable office documents to be used across UK government departments, along with HTML5 and PDF, which became the official defaults for static documents that would be viewed, but not edited after they were published. The fact that native Word formats were not included as an alternative option was a major defeat for Microsoft, which had lobbied hard—and until 2014, lobbied successfully—to prevent this high-profile victory for ODF's open standard....
The UK government's new guides cover many aspects of ODF: a basic introduction; how to procure ODF solutions; platform support; accessibility; and an overview of productivity software that supports ODF. Some offer more practical advice, for example avoiding the use of macros, adopting extensions and plug-ins, as well as corporate styles and templates.
The last guide is potentially the most important, detailing cost savings and other benefits that flow from adopting ODF.... ...Full Story
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