sdmx at the new york fed
TRANSCRIPT
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SDMX at the New York Fed
Paul Asman10 January 2007
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Outline
• What we’ve done
• How it’s being used
• What’s ahead for us–Representational changes
–Registry
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Rationale
• Goals– To represent our most sought data in a
guaranteed format– That the consumers of that data can easily
integrate into their own applications
• SDMX meets these goals
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NY Fed Data in SDMX (1)
Utility Messages
• Foreign Exchange Rates
• Interest Rates (Fed Funds)
• Primary Dealer Statistics
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Utility Structure Sample
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Utility Data Sample
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NY Fed Data in SDMX (2)
Cross-Sectional Messages
• Temporary Open Market Operations (repurchase agreements)
• Permanent Open Market Operations (for our own portfolio)
• Securities Lending
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Cross-Sectional Data Sample
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Message Type Not Important
• Our choice of message type (at least between utility and compact) is a matter of convenience
• SDMX has utilities for converting messages in one format to messages in another
• What matters is that we publish data in a guaranteed format, not which format we guarantee
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Web Traffic (SDMX Use)
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Web Traffic (SDMX Use)
0
200000
400000
600000
800000
1000000
1200000
1400000
1600000
1800000
2000000
home page TOMO WebService
POMO WebService
FX RatesXML File
FX rates webpage
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Future Representational Directions
• SDMX 2.0 features– Hierarchical code lists– Code list translation tables– Extended key families
• The time-value pairs will remain, and automated consumption of them will not be affected
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More to Be Done
• We do not offer automatic expansion of codes for key family dimensions
• We do not offer automatic discovery of what we have
An automated registry can fill these gaps.
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Registry
• Supports automatic discovery
• Represents a professionalizing of our SDMX implementation
We have implemented some registry functionality, but by no means all.
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Registry Architecture
Registration DiscoverySubscription/Notification
Other Services
Provisioning Metadata RepositoryProvision Agreement, Data Sources, Constraints, etc.
Structural Metadata RepositoryKey Family, Metadata Structure Definition, Item Scheme, etc.
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Registry Functionality Implemented
• Storage of structural metadata– Code lists– Key families– Concepts– Other maintainable artifacts
• Query and retrieval
• Submission, modification, and removal
• Web Service interface
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Administrative Functions
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Message Submission
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And Response
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Directions
• Take advantage of SDMX 2.0
• Take advantage of Registry functionality we have implemented
• Implement more Registry functionality
This will meet the needs of the foreseeable future.
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Contact Information
Paul Asman
Federal Reserve Bank of New York
1-212-720-6637
Presentation (including notes): www.newyorkfed.org/xml/sdmxConferenceJanuary2007.ppt