FISD Thought Leadership & Publications
FISD’s member resources bring together practical insights, guidance, and other materials developed by our working groups to support members across the financial information and market data ecosystem. These resources reflect the expertise and experience of FISD members and cover a broad range of topics relevant to the industry. While they don't fall under FISD’s Best Practices, these documents are intended to provide a wide range of perspectives, information, and useful materials. Explore the resources below to find materials relevant to your organization and areas of interest.
Alternative Data Council Documents
The Alternative Data Council is a series of working groups and educational discussion forums within FISD. The Council provides opportunities for education, discussion of shared challenges, and networking, as well as a forum for developing guidance and resources related to the delivery of alternative data to the investment industry.
Below is the list of documents produced by the Alternative Data Council:
A Guide to Alternative Data - Version to Print
Alternative Data Identification Factors
Compliance Considerations for Generative AI
Buy-Side Perspective: Understanding Investment Firms’ Use of Licensed Data with GenAI
Compliance Due Diligence Questionnaire for Expert Network Research Providers
Consumer Position Paper
This position paper has been developed by the members of the FISD Consumer Constituent Group to address general issues and concerns that they have about market data auditing. The document does not represent a broad FISD consensus, but it is hoped that it can be used to facilitate constructive dialogue among FISD members on the issues it raises.
Exchange Contract Guide
This document provides a common legal and commercial framework to serve as the starting point for contract negotiations among exchanges, vendors and client firms. The Guide’s database covers provisions in exchange contracts, provides commentary on the underlying business concepts and includes links to representative sample contract text. NOTE: The Exchange Contract Guide is NOT an FISD Best Practices document. FISD Best Practices are created within FISD Working Group which are open to all FISD members. FISD Best Practice documents have been reviewed and approved by a majority of the FISD Executive Committee members. The Exchange Contract Guide is a legacy document created by Rights Management Associates Ltd., an independent consultancy specializing in market data licensing.
Vendor Scorecard
This document is intended to be a tool for the use of FISD members as they develop and enhance their own scorecards to facilitate 1-1 communication between a customer and a vendor. The form contains 70+ attributes grouped into six main categories:
-Administration
-Commercial Models and Contracts
-Product Quality
-Product Support
-Relationship Management
-Risk Management
Members have four key areas of flexibility in how they use the scorecard:
-Rating attributes can be added and/or deleted.
-The relative weight of the various categories can be adjusted.
-The scope of the evaluation can be as broad as the entire vendor, or as narrow as particular products or specific geographic areas.
-Ratings can be performed as frequently as desired.