ISITC OTC Derivatives WG to Expand FPML Usage
New York - The International Securities Association for Institutional Trade Communication (ISITC) Over the Counter Derivatives Working Group is planning to expand existing market practice recommendations to include the use of messaging standard Financial products Markup Language (FpML), as the messaging standard for all types of OTC derivatives, officials tell Inside Reference Data.
The new working group proposal for OTC derivatives was approved by the ISITC board of directors in July, and is
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