GlossaryEN1 min readUpdated: Jun 12, 2026

ISO 10383

ISO 10383 standardizes the identification of financial markets and trading venues through three-letter Market Identifier Codes (MIC).

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Last updated: 12 June 2026Published: 27 January 2026

Source: https://en.wikipedia.org/wiki/ISO_10383

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Logistics Concept

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ISO 10383 standardizes the identification of financial markets and trading venues through three-letter Market Identifier Codes (MIC). These codes are relevant in cross-border financial and payment transactions, especially when freight forwarders or logistics operators interact with international banks, financial intermediaries, or exchanges. The MIC enables unambiguous assignment of transactions to the correct trading platform and simplifies electronic processing of trade finance documents, letters of credit, and foreign exchange transactions in international commodity trade.

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