BS ISO/IEC 13235-3:1998

Overview

BS ISO/IEC 13235-3:1998 is a crucial standard in the realm of information technology, specifically focusing on open distributed processing. This standard outlines the provision of trading functions using the Open Systems Interconnection (OSI) Directory service. It is designed to facilitate interoperability and enhance the efficiency of trading systems across various platforms.

Key Requirements

The standard specifies the necessary requirements for implementing trading functions in a distributed environment. Key elements include:

• Integration with OSI Directory Services: The standard mandates the use of OSI Directory services to ensure that trading functions are accessible and manageable across different systems.
• Support for Distributed Processing: It provides guidelines for the development of applications that can operate in a distributed manner, ensuring that trading functions can be executed efficiently across multiple locations.
• Interoperability: The standard emphasizes the need for interoperability among various systems, enabling seamless communication and data exchange.

Implementation Benefits

Adopting BS ISO/IEC 13235-3:1998 can yield significant benefits for organisations involved in trading operations:

• Enhanced Efficiency: By utilising OSI Directory services, organisations can streamline their trading processes, reducing latency and improving response times.
• Improved Data Management: The standard promotes better data management practices, allowing for more accurate and timely access to trading information.
• Scalability: The guidelines provided enable organisations to scale their trading functions as needed, accommodating growth without sacrificing performance.

Compliance Value

Compliance with BS ISO/IEC 13235-3:1998 is essential for organisations aiming to maintain high standards in their trading operations. The benefits of compliance include:

• Regulatory Adherence: Many industries are subject to regulations that require adherence to established standards. Compliance with this standard can help organisations meet these regulatory requirements.
• Risk Mitigation: By following the guidelines set forth in the standard, organisations can reduce the risks associated with trading operations, including data breaches and operational failures.
• Market Competitiveness: Compliance can enhance an organisation's reputation, making it more attractive to partners and customers who value adherence to recognised standards.

In conclusion, BS ISO/IEC 13235-3:1998 serves as a vital framework for organisations engaged in trading functions within open distributed processing environments. Its emphasis on interoperability, efficiency, and compliance makes it an indispensable resource for compliance professionals and technical teams alike.