Factbites
 Where results make sense
About us   |   Why use us?   |   Reviews   |   PR   |   Contact us  

Topic: FpML


Related Topics
40
EOP

In the News (Mon 28 Dec 09)

  
  Specifications FpML10b2 - FpML Financial Products Markup Language
FpML does not specify how the processing is done, nor does it talk about how the data gets to the processing services.
FpML favors a trade relative naming approach and is aiming to use Xpath once it becomes stable.
FpML uses a symmetrical document because that implies that the same document can be signed from either party's point of view.
www.fpml.com /documents/standard/FpML-10b2/faq.html   (3541 words)

  
 FpML
FpML is the only industry-led XML standard in the OTC derivatives industry.
The vision of FpML is to enable e-Commerce for financial derivatives transactions and build a critical mass of support from financial institutions and software vendors to develop and support the standard.
FpML Version 1.0 has been in Recommendation since June 2001, and FpML Version 2.0 (as of October 2001) is in Last Call Working Draft.
www.idealliance.org /xmlfiles/issue35/fpml.asp   (1772 words)

  
 Forecross joins FpML Tech Committee - Forecross provides innovative Legacy to XML solutions that map legacy data items ...
FpML (financial products markup language - www.fpml.org) is a new protocol for Internet-based electronic dealing and information sharing of financial derivatives, initially focused on interest rate and foreign exchange products.
The FpML specification, which will be freely licensed, is expected to become a standard in the rapidly growing field of business-to-business, Internet-based integration for a range of services, from electronic trading and confirmations to portfolio specification for risk analysis.
As a member of the Technical Committee, Forecross is working to ensure that the FpML standard recognizes the need for organizations to extend their existing package and legacy applications to take advantage of this new e-commerce protocol.
www.forecross.com /news/fpml.htm   (227 words)

  
 Integration Developers News   (Site not responding. Last check: 2007-10-26)
FpML provides an overall template for execs in other vertical industries how they might map XML (schema and transmission) concerns to their needs for dataflow, business rules and access control.
The FpML standard, which is freely licensed (under the FpML public license), is intended to automate the flow of information across the entire derivatives partner and client network, independent of the underlying software or hardware infrastructure supporting the activities related to these transactions.
FpML is a protocol and an application of XML aimed at enabling e-commerce activities in the field of financial derivatives.
idevnews.com /CaseStudies.asp?ID=179   (1332 words)

  
 How and Where XML is Changing the Markets
FpML messages will each have a known and predefined set of defaults, each of which can then be overridden explicitly by either party as required.
FpML currently covers interest rate swaps and forward rate agreements, and there are proposals to extend this to equity derivatives, Foreign eXchange (FX) spots, FX forwards, FX swaps, non-deliverable forwards (NDF), simple FX options and FX option strategies.
FpML and XBRL particularly have made good progress in creating credible and open financial XML specifications, but the architectural mismatch between these two may cause problems in the future, should they ever start to cover the same areas of the financial landscape.
www.gca.org /papers/xmleurope2001/papers/html/s05-1.html   (3963 words)

  
 PolarLake: Solutions >> Finance >> XBRL   (Site not responding. Last check: 2007-10-26)
Such solutions can treat FpML messages in the same way as any other XML messages, and consequently automate the routing of these messages to relevant systems and departments, any exception handling associated with invalid messages, and translation of data into formats required by other areas of the business.
FpML messages can be translated into any desired format (including non-XML) and routed as required in order to integrate with other systems (settlement and risk engines, enterprise applications, relational databases, application servers) or update reference data.
FpML is helping to drive down the costs associated with derivatives trading and enables complex trade data to support STP within and between organizations.
www.polarlake.com /en/html/resources/finance/fpml/index.shtml   (1513 words)

  
 CollabNet - Distributed Software Development On Demand   (Site not responding. Last check: 2007-10-26)
FpML participants now have greater insight into the work of other participants, and can better focus on the overall development of the standard," said Robert Pickel, Executive Director and CEO of the International Swaps and Derivatives Association, Inc. (ISDA).
FpML has been designed to be modular, easy-to-use and is expected to become the standard for the derivatives industry in the rapidly growing field of electronic commerce.
FpML is supported through ISDA and by leading financial and information technology corporations actively participating in developing FpML, as well as those firms supporting the FpML effort.
www.collab.net /news/press/2002/FpML.html   (745 words)

  
 FpML - a Whatis.com definition
FpML is used between participating companies for communicating OTC transaction details, within a company for the purpose of sharing OTC transaction information, and between a participating company and an outside firm offering a service related to the OTC transaction.
FpML is freely licensed and, because it is independent of the software or hardware used by participating companies, ensures interoperability.
FpML focuses on interest rate swaps and Forward Rate Agreements (FRA) but will eventually be used for all aspects of OTC transactions.
whatis.techtarget.com /gDefinition/0,294236,sid44_gci508928,00.html   (316 words)

  
 December 1999 : Financial Products Markup Language
FpML will establish hardware and software independent data models for transmitting and describing transaction based events, such as trade capture and settlement, in combination with market data, such as interest rate curves and mark to market information, with reference data for products and counterparties.
The FpML specification, which is freely licensed, will create a standard within capital markets for the rapidly growing field of business-to-business electronic commerce.
FpML will offer a standard that has been developed with the major market players to ensure the needs of the industry are met.
www.infoloom.com /gcaconfs/WEB/philadelphia99/greissman.HTM   (1383 words)

  
 Cover Pages: Financial Products Markup Language (FpML)
FpML "is the XML-based, freely licensed, e-commerce standard supporting OTC trading of financial derivatives." The new FpML Validation Working Group will work to "enable the extension of the FpML product definitions to include semantic or business validation rules through the use of a validation rule language.
FpML 4.0 provides XML Schema objects to describe the majority of derivative contracts by volume, derived directly from the legal framework established by ISDA, and is made freely available by them under public license...
FpML provides the derivatives industry with a unique opportunity to streamline the flow of information across all front-to-back-office processes, promising to dramatically reduce the estimated $1 billion annual cost of OTC trading in financial derivatives.
xml.coverpages.org /fpml.html   (7012 words)

  
 FpML — Delivering on the Promise of Potential
FpML is based on XML (Extensible Markup Language), a flexible, text format that was designed for communicating on the Internet.
FpML is the latest of a new breed of XML-based languages—such as XFRML, mLFi and XBRL—that are changing the way companies input, process and report financial data.
FpML allows for straight through processing of derivatives trades because a record of those trades is generated electronically, avoiding the need for paper-based confirmations and trade logs.
www.pwc.com /extweb/pwcpublications.nsf/DocID/08B79DEC2BF4CFF9852570CA0017854F   (1460 words)

  
 Validating FpML
The goal of FpML is to specify a standardised format for the most commonly traded types of derivatives, and to thereby increase automation in trade negotiation, confirmation and related activities, eliminating error-prone and time consuming manual activities.
FpML is a complex language that captures a large amount of rich semantic information about its application domain.
FpML is used both in vertical message flows inside organisations, for example to relay information from front office trade capture systems, where deals are entered, to middle office for risk management, and horizontal flows between institutions.
www.idealliance.org /papers/dx_xml03/papers/06-02-05/06-02-05.html   (3219 words)

  
 [No title]
Brian Lynn, the program manager of FPML at J.P. Morgan and co-chair of the FPML standards committee, emphasizes that the two standards are potentially wonderful fits for one another.
Whether the FPML or FIXML group are posturing or genuinely interested in working together remains to be seen, but there exists a significantly larger rift between Integral's FINXML and the other two groups.
Representatives of Integral joined the FPML Organization back in August, but they have participated little in its development, and tensions between the two groups are at all-time highs.
www.financetech.com /printableArticle.jhtml?articleID=14704037   (1503 words)

  
 [No title]
A type defining a content model that is backwards compatible with older FpML releases and which can be used to contain sets of data without expressing any processing intention.
FpML does not define usage rules for this element.
FpML does not define the domain values associated with this element.
www.w3.org /XML/Binary/2005/03/test-data/FPML-4.0/fpml-doc-4-0.xsd   (584 words)

  
 PolarLake: News >> News >> 2005 >> Article   (Site not responding. Last check: 2007-10-26)
By adding support for FpML 4.1, the product suite is now able to handle the most complex XML schemas in order to meet the real-world requirements of financial services organizations.
PolarLake is unique in providing full support for complex FpML structures, including Identity References, Substitution Groups and XSI Types – enabling these to be rendered and navigated at design time, and thus allowing full mediation and transformation of data contained within FpML messages.
It provides a means to exchange descriptions of complex trades between financial institutions, and internally in STP flows, and thus enables the rapid settlement of these trades – reducing error rates, minimizing rebooking, and driving down the costs associated with derivatives trading.
www.polarlake.com /en/html/news/press/2005/2005-07-08-fpml.shtml   (563 words)

  
 About Us - Press   (Site not responding. Last check: 2007-10-26)
FpML is a standard for exchanging information designed to allow electronic dealing and processing of derivatives.
FpML standards have so far been created for interest rate, foreign exchange and equity derivatives.
The results of the ISDA working group's efforts will form part of version 4.0 of FpML, which should be ready in draft form by December 2002.
www.creditex.com /web/inpress/inpress_0602b.html   (337 words)

  
 Securities Industry News   (Site not responding. Last check: 2007-10-26)
DSWG is being led by Brian Lynn, co-chair of standards at FpML.org, one of the founders of FpML and the chief technology officer of Global Electronics Market (GEM), an FpML vendor.
The DSWG is working with FpML to migrate their extensions into the main FpML schema.
However, the inputs identified by the DSWG are being addressed as key priorities in several FpML working groups that deal with hedge fund and other kinds of messaging.
www.securitiesindustry.com /article.cfm?articleid=14903   (1116 words)

  
 SS&C eNewsletter article: ISDA Survey Reveals Increase in FpML Usage   (Site not responding. Last check: 2007-10-26)
FpML is the emerging XML-based language for enabling e-commerce in the OTC derivatives market.
FpML, if it is successful, will be focused on the OTC derivatives marketplace while FIX's support for derivatives has been focused on the exchange-traded market, the much smaller of the two.
And although FpML usage has increased substantially, especially among large firms, the survey shows that it is held back by uncertainty regarding the technology and competencies needed to implement FpML.
www.ssctech.com /e-news/article.asp?V=4&A=2453   (402 words)

  
 Web Projects - Fragment Art & Research
Relaunch of www.fpml.org, the focal point for all aspects of the FpML standard development effort.
FpML (Financial products Markup Language) is a new protocol to enable e-commerce activities in the field of financial derivatives.
FpML is an XML based language for Internet-based electronic dealing and information sharing of financial derivatives.
www.2far.com /projects/web.html   (374 words)

  
 FpML® Information
FpML® (Financial products Markup Language) is the business information exchange standard for electronic dealing and processing of financial derivatives instruments.
The standard, which is freely licensed, is intended to automate the flow of information across the entire derivatives partner and client network, independent of the underlying software or hardware infrastructure supporting the activities related to these transactions.
FpML is of value when the direct communication of derivative trade descriptions and environment information between two firms is desired.
www.fpml.org /about/factsheet.html   (775 words)

  
 AlotSoft, Your XML Web Service Integration Solution Provider   (Site not responding. Last check: 2007-10-26)
FpML Connect is part of AlotSoft LLC's suites of application integration framework.
FpML schema is an XML schema specification from fpml.org.
AlotSoft LLC's FpML Connect provides a complete object model and API that a client application can use to develop new application or wrap legacy application up so it is in 100% compliance with FpML schema 4.0.
www.alotsoft.com /alotsoftweb/fpml-connect.jsp   (874 words)

  
 [No title]
SOAP XML cannot be used to map between FpML and Objects because the XML doesn’t reflect the XML standard, though this might change when the XML schema is released.
Generally an FpML entity is mapped to a database table; but there are a lot of exceptions.
In FpML the many-to-many relationships occur when an element is reused by several other elements.
www.javelinsoft.com /fpml/open_spec_draft.doc   (2264 words)

  
 FpML -- Initial Design Tradeoffs   (Site not responding. Last check: 2007-10-26)
FpML (Financial Products Markup Language) is an XML-based language for describing derivative instruments in the financial industry.
Its aim is to standardize the external representation of those kind of instruments and thus to enable a streamlining of the trading and processing of such instruments between financial institutions as well as to open new business opportunities with regards to the Internet.
The development of FpML is financial industry driven and was initially a collaborative effort between J.P.Morgan and PricewaterhouseCoopers.
www.ibiblio.org /bosak/conf/xmldev99/kramer.htm   (254 words)

  
 XML in the Financial Services Industry @ SYS-CON Media   (Site not responding. Last check: 2007-10-26)
Currently, FpML is used internally by a large number of prominent financial institutions for their risk management and derivatives systems.
In order to send this information to the head office, developers must construct the FpML instance document by populating it from the database, ensure that it is a valid instance document by validating it against the FpML schema, and then send it to the head office's risk management system.
FpML is one of the leading standards for modeling derivatives products and the one practical application of it lies in a risk management system.
www.sys-con.com /read/40544.htm   (3038 words)

  
 Obsolete: Quasi-Literals and XML
A glance shows the notation to be at least as unwieldy as MathML, but FPML advocates offer no alternative to their notational burden.
This code and others like it are posted by FpML advocates, so one may assume that it represents good FpML usage.
FpML is both an important standard in its own right, and representative of what happens when XML is applied to semi-structured data outside the "document" paradigm.
www.erights.org /elang/grammar/quasi-xml.html   (1849 words)

  
 FpML Jobs, Average Salary & Contractor Rates for Financial Products Markup Language (FpML) Skills
Included is a guide to the average salary and contractor rates offered in IT job adverts that have cited FpML over the 3 months to 16 December 2005 and the previous quarter.
This section compares the median salary and contractor rates quoted in job adverts citing FpML (A) against all those in the category of Application Development (B) over the past 3 months.
Jobs citing FpML are compared to all those in the category of Application Development.
www.itjobswatch.co.uk /skills_and_rates/fpml.do   (337 words)

  
 June 2000 : Financial Products Markup Language
At JP Morgan he is program manager for FpML and is responsible for technology architecture and strategy in its interest rate derivatives and exotics group.
This presentation reviews the history of FpML; discusses the process of creating a new standard, lessons learned, success factors and the differences between dot com and dot org; and explores how changes in technology will create eService opportunities for derivatives processing in the wholesale capital markets.
January 2000, Risk Magazine - FpML is selected as the most significant technological development in 1999 for the derivatives industry.
www.infoloom.com /gcaconfs/WEB/paris2000/S26-03.HTM   (1345 words)

Try your search on: Qwika (all wikis)

Factbites
  About us   |   Why use us?   |   Reviews   |   Press   |   Contact us  
Copyright © 2005-2007 www.factbites.com Usage implies agreement with terms.