Semantic Interoperability in the Fixed Income Securities Industry: A Knowledge Representation Architecture for Dynamic Integration of Web-Based Information

10 Pages Posted: 6 Feb 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: November 2002

Abstract

We examine a knowledge representation architecture to support context interchange mediation. For autonomous receivers and sources sharing a common subject domain, the mediator's reasoning engine can devise query plans integrating multiple sources and resolving semantic heterogeneity. Receiver applications obtain the data they need in the form they need it without imposing changes on sources. The KR architecture includes: 1) data models for each source and receiver, 2) subject domain ontologies, containing abstract subject matter conceptualizations that would be known to experienced practitioners in the industry, and 3) context models for each source and receiver that explain how each source or receiver data model implements the abstract concepts from a subject domain ontology. Examples drawn from the fixed income securities industry illustrate problems and solutions enabled by the proposed architecture.

Keywords: Knowledge Representation Architecture, Context Interchange Mediation

Suggested Citation

Moulton, Allen and Madnick, Stuart and Siegel, Michael, Semantic Interoperability in the Fixed Income Securities Industry: A Knowledge Representation Architecture for Dynamic Integration of Web-Based Information (November 2002). MIT Sloan Working Paper No. 4409-02; CISL Working Paper No. 2002-18. Available at SSRN: https://ssrn.com/abstract=376861 or http://dx.doi.org/10.2139/ssrn.376861

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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