The Financial Industry Business Ontology (FIBO) defines the sets of things that are of interest in financial business applications and the ways that those things can relate to one another. In this way, FIBO can give meaning to any data (e.g., spreadsheets, relational databases, XML documents) that describe the business of finance.
It has a redundant hasCurrency property, and makes it difficult to represent a series of prices, either on the same day or different days, for the same security - it requires repeating the coverage period and pricing source.
This issue was originally raised by Pete Rivett. Note that while there are redundant restrictions on this class that should be eliminated, many banks source pricing from multiple sources for the same security as the basis for valuation, so we will leave the restriction on security price that requires some pricing source, including a pricing model (e.g., algorithm) but may make it optional.
It has a redundant hasCurrency property, and makes it difficult to represent a series of prices, either on the same day or different days, for the same security - it requires repeating the coverage period and pricing source.
This issue was originally raised by Pete Rivett. Note that while there are redundant restrictions on this class that should be eliminated, many banks source pricing from multiple sources for the same security as the basis for valuation, so we will leave the restriction on security price that requires some pricing source, including a pricing model (e.g., algorithm) but may make it optional.