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FIBO Products & Access
FIBO products & access

fibo products & access

The Financial Industry Business Ontology (FIBO) is an open source business conceptual ontology of how financial instruments, business entities and financial processes work across the global financial industry. FIBO is available as nine operational products driven from a single RDF/OWL System of Record.

FIBO is being developed as a continuous process un the FIBO Build-Test-Deploy-Maintain methodology. All FIBO products are offered with two levels of maturity. FIBO Production (where every ontology has been tested for consistency, completeness and documentation) and FIBO Development (where ontologies have been evaluated only for referential consistency). FIBO Production is published at the end of each quarter. FIBO Development is published continuously as content is developed.

product type description
 RDF/OWL The FIBO System of Record FIBO Ontologies can be opened with any RDF compliant tool. 
 Glossary  CSV or Excel formats Cross-referenced, downloadable or Web searchable
 Dictionary CSV or Excel formats Topic specific data dictionaries for the Production release. Unabridged spreadsheet including development
 Vocabulary SKOS FIBO rendering using the W3C SKOS standard
 SMIF UML Diagrams Machine and human-readable diagrams using the emerging Semantic Modeling for Information Federation standard
OWL FIBO Ontologies The Web Ontology Language (OWL) System of Record for FIBO. FIBO ontologies can be opened with any RDF-compliance tool. FIBO is published in multiple RDF serializations RDF Files The vocabulary for creating Web pages (for search engine discovery)


FIBO Governance Process

FIBO is being developed as a collaborative process across the financial industry. FIBO brings together data architects, business users, ontologists, vendors, database experts and subject matter specialists from across the EDM Council membership to debate, define and agree on how to model the underlying components (products, instruments, business entities, pricing structures and processes) of the financial industry.

FIBO governance

Build-Test-Deploy-Maintain Methodology (BTDM): The governance process for FIBO has been refined based on the model of other open source projects. These practices are dependent on automation to merge the Build (defining the content for all FIBO domains), Test (to ensure conformity to requirements), Deploy (how FIBO concepts are linked) and Maintain (management of issues and extensions) as part of a continuous improvement process. The BTDM methodology defines the FIBO development process and outlines the roles and responsibilities associated with the management of the FIBO Content, Leadership, Vendor and Process Teams.

FIBO Wiki: The EDM Council hosts a public wiki to facilitate updates and adjustments to FIBO. There is a wiki space for every FIBO domain and working group. The wiki links to FIBO pages as they are made available and records proceedings of every FIBO meeting. Action items are logged as issues in JIRA.

GitHub/JIRA/Jenkins: The EDM Council uses JIRA to track FIBO-related issues and Jenkins for automated testing. GitHub is our version control repository. The FIBO collaboration process and the linkage between all components are defined as part of the BTDM methodology.

FIBO Maturity Levels

The FIBO development process provides the capability to automatically maintain the integrity of each FIBO product relative to the OWL System of Record. Because all FIBO products are generated from OWL, each contains precisely the same information. All FIBO products are offered with two levels of maturity:

  • FIBO Production: where every ontology has been tested for consistency, completeness and documentation. FIBO Production is published at the end of each quarter. FIBO Production currently includes Foundations (FND), Financial Business and Commerce (FBC), Indices and Indicators (IND) and Business Entities (BE). It also contains significant components of Securities (SEC) and Derivatives (DER).
  • FIBO Development: where ontologies have been evaluated only for referential consistency. Every reference in FIBO must be defined. FIBO Development is published continuously as content is developed and includes all content from FIBO Production.

Object Management Group/FIBO

The EDM Council operates in partnership with the Object Management Group (OMG) for the publication and promulgation of FIBO.

All published FIBO standards are available via OMG.