FPML

Financial products Markup Language (FpML) is the business information exchange standard for electronic dealing and processing of derivatives instruments. FpML establishes the electronic protocol for sharing information on, and dealing in swaps, derivatives and structured products. It is based on XML (Extensible Markup Language), the standard meta-language for describing data shared between applications. The standard, which is freely licensed, is intended to automate the flow of information across the entire derivatives partner and client network, independent of the underlying software or hardware infrastructure supporting the activities related to these transactions. While the initial versions of the standard focused on product description for interest rate derivatives, the standard has since been expanded to cover in depth the various derivative asset classes (link to coverage table) and to cover a multitude of business processes in the pre-trade, trade and post trade space. The..

Primary location: New York United States