Isda issues FpML working draft

TECHNOLOGY NEWS

NEW YORK -- The International Swaps and Derivatives Association (Isda) released in February the working draft of FpML 3.0, which aims to increase the coverage of the standardised, electronic language to cover foreign exchange over-the-counter (OTC)contracts such as currency forwards and options.

FpML (financial products mark-up language) is based on ‘extensible mark-up language’ (XML) and is designed as an industry standard for electronic OTC trading.

Previously, FpML was an independent not-f