New XML Protocol Aims At FX, Derivatives
THE FIX FILES
NEW YORK--JP Morgan and PricewaterhouseCoopers (PWC) are introducing FpML (Financial products Markup Language), a new protocol for Internet-based electronic dealing and information sharing of financial derivatives.
FpML is targeting interest rate and foreign exchange products. While both firms expect to add additional instruments to that coverage, the idea is to work side by side with other protocols--including Financial Information eXchange (FIX)--rather than compete with them.
"The main focus of
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