FpML
XML-based markup language / From Wikipedia, the free encyclopedia
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FpML (Financial products Markup Language) is a business information exchange standard based on Extensible Markup Language (XML) that enables business-to-business over-the-counter (OTC) financial derivative transactions online by following W3C standards.[1]
The standard is managed by the International Swaps and Derivatives Association (ISDA) on behalf of a community of investment banks that make up the OTC derivatives industry.[2][3] All categories of privately negotiated derivatives will eventually be included within the standard.
FpML is distinct from similar financial standards such as SWIFT and FIX because it does not specify a network or transport mechanism.