JP Morgan's FpML Gets Major Backers As 8 Top Banks & Firms Join The Effort
XML INTEGRATION
NEW YORK--Nine top trading firms and banks have endorsed the Financial Products Markup Language (FpML) protocol, a variation of the Extensible Markup Language (XML) proposed as an e-commerce standard for the derivatives industry.
Last week, JP Morgan announced that the effort has been joined by Banque Nationale de Paris (BNP), Chase, Credit Suisse First Boston (CSFB), Deutsche Bank, Goldman Sachs, Lehman Brothers, Merrill Lynch and Morgan Stanley Dean Witter. Freddie Mac as well as IBM, Infinity
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