Post-trade incumbents at risk as Isda and others search for standards
Follow-on contracting not legally enforceable in some jurisdictions
Markup language could reduce high levels of operational risk
Swap reforms see messaging standards collide
Rise of the machines
The International Swaps and Derivatives Association is to collaborate with the Swift interbank network to allow messaging in the FpML derivatives markup language.
The International Swaps and Derivatives Association, the trade body representing over 600 institutions working in the derivatives industry, has moved to accelerate the transition to automated over-the-counter derivatives trade processing by publishing a…
The International Swaps and Derivatives Association and messaging service provider Fix Protocol have formed a joint working group to share information on the development of their respective FpML and Fix messaging standards.
LONDON - One would be forgiven for thinking that Financial Products Mark-up Language (FpML) is another information exchange standard that has been superseded or has simply run out of steam, given the protocol's low media profile in the wake of the…
A vice president of IT at Paine Webber predicts it won’t be enough to automate processes-they must be carefully coordinated.
The International Swaps and Derivatives Association (Isda) 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…
The International Swaps and Derivatives Association and FpML.org, scheduled to merge at the end of January, have published a trial recommendation for financial products markup language (FpML) Version 2.0.
Twist (the treasury workstation integration standards team), an industry initiative set up to standardise integration between treasury and FX systems, has published the second version of its FX interface standard.
A number of changeovers have taken place on the board of FpML.org, the non-profit organisation developing an XML- (extensible mark-up language) based standard for OTC derivatives trading.
Operational risk management software will be essential under Basel II. And it means something more than a loss database, argues software supplier David Withey.