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Semantic Interoperability in the Securities Industry: Context Interchange Mediation of Semantic Differences in Enumerated Data Types (WEBH)

7 Pages Posted: 6 Jan 2003  

Allen Moulton

Massachusetts Institute of Technology (MIT)

Stuart Madnick

Massachusetts Institute of Technology (MIT) - Sloan School of Management

Michael Siegel

Massachusetts Institute of Technology (MIT) - Sloan School of Management

Date Written: February 2002

Abstract

Using securities industry examples, the context interchange mediation knowledge architecture is applied to interoperability problems for enumerated data types, such as codes and other symbols used to represent conceptual distinctions. Ongoing efforts in the securities industry to develop new XML-based standards for information interchange are examined. Using components representing similar securities information, drawn from different but complementary securities standards and
sources, example problems of information interoperability are examined. We show that transforming data representation into an autonomously specified context model and thence into a general domain ontology allows successful interoperability in several ways depending on how each context is explained to the mediator.

Keywords: Semantic Interoperability, Securities, Semantic Differences, Data Types, XML, Enumerated Data Types

Suggested Citation

Moulton, Allen and Madnick, Stuart and Siegel, Michael, Semantic Interoperability in the Securities Industry: Context Interchange Mediation of Semantic Differences in Enumerated Data Types (WEBH) (February 2002). MIT Sloan Working Paper No. 4396-02. Available at SSRN: https://ssrn.com/abstract=365021 or http://dx.doi.org/10.2139/ssrn.365021

Allen Moulton

Massachusetts Institute of Technology (MIT) ( email )

Center of International Studies
Cambridge, MA 02139
United States

Stuart E. Madnick (Contact Author)

Massachusetts Institute of Technology (MIT) - Sloan School of Management ( email )

E53-321
Cambridge, MA 02142
United States
617-253-6671 (Phone)
617-253-3321 (Fax)

Michael Siegel

Massachusetts Institute of Technology (MIT) - Sloan School of Management ( email )

E53-323
Cambridge, MA 02142
United States
617-253-2937 (Phone)
617-258-7579 (Fax)

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