Isda, FpML.org unveil trial recommendation for FpML 2.0

FpML, which supports over-the-counter derivatives trading, is based on Extensible Markup Language, the standard meta-language for describing data shared between applications.

Version 2.0 extends its product coverage to include interest rate options such as swaptions (American, Bermuda and European styles), and caps and floors. It also broadens the swap definition to include forex resettables, cancellables and early termination provisions.

When JP Morgan spin-off Cygnifi filed for Chapter 11