I’m an OMS vendor and we’re in the beginning stages of attempting to understand the ATDL process and how we’re supposed to consume the XML files. I’ve read through some documentation (https://www.fixtrading.org/standards/fixatdl/) and understand the basic concept of the format of the XML and the type of data it contains.
My question centers around how OMS vendors consume the XML file. Do vendors take the XML file, create a new process to pick out certain datapoints from the XML, and then essentially update their current algo pack coding by inserting the datapoints from the XML? Or is there some sort of proprietary UI component that ATDL provides which can integrate with an OMS?
I’ve also heard about ATDL4J as a tool you can view XMLs. Can anyone point me in the right direction or provide more info?