Dow Jones & Company announced it is providing its Market Data Markup Language to a financial industry consortium as a starting point toward development of an XML-based global standard for market data delivery. The Market Data Markup Language (MDML), developed by Dow Jones is now posted at, the web site of the Financial Information Services Division (FISD) of the Software & Information Industry Association (SIIA). The FISD — a forum for business and technical issues related to the distribution of financial information — recently formed a working group to coordinate XML efforts in the market data industry. Dow Jones contributed its MDML to speed development of a common framework to publish market data. The Dow Jones MDML has been in production for about two years at The Wall Street Journal Online at The language is used for posting text and statistical data on the web site, and as a system interchange format within Dow Jones and with entities such as Factiva, a joint venture of Dow Jones and Reuters. The FISD market data work will be done in coordination with other XML initiatives, including XBRL, or Extensible Business Reporting Language. The XBRL consortium ( is developing XML vocabularies for corporate earnings and regulatory filings. Dow Jones, Reuters Group, and Reuters’ Lipper subsidiary are all participants in XBRL. The FISD effort also dovetails with two XML standards developed by the International Press Telecommunications Council, of which Dow Jones, Associated Press, and Reuters are all members: NewsML is an XML model for packaging and managing news objects of any media type; the News Industry Text Format is an XML application for markup of news text.