Isda seeks industry help to develop FpML


NEW YORK -- The International Swaps and Derivatives Association (Isda) said in June it is seeking industry help to set up a working group to develop financial products mark-up language (FpML) for credit derivatives.

FpML, a computer protocol, was built to promote the electronic trading of derivatives products following interest from a number of investment banks in 2000. The protocol already covers interest rate, equity and foreign exchange derivatives.

The original bank consortium working on

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