Isda publishes FpML 3.0 specs

FpML (Financial products Markup Language) is based on the flexible ‘extensible markup language’ (XML) and is designed to create an industry standard for electronic OTC trading.

Previously, FpML was an independent not-for-profit organisation, but it merged with Isda to try to speed up the development of the electronic language, and remove the administrative burden facing its technical team.

The FpML 3.0 draft was delayed by at least a month due to problems in incorporating equity derivatives i