Re: [xml-dev] FpML adoption?

["Anthony B. Coates (XML-Dev)" <abcoatesecure-xmldev@yahoo.co.uk>]

In broad terms, FpML is widely used by banks and financial organisations  
which trade in financial derivatives, which is the part of financial  
trading that FpML is designed to address.  It is used for trade and  
pre-trade messaging.

The binary FIX format (and sometimes the equivalent FIXml XML format) are  
used for pre-trade messaging for equities (stocks), bonds, etc.

SWIFT messages are used for trade confirmation and settlement.

(These are all broad generalisations, not true in all possible cases).

FpML is well received in as much as there is no competing format, and  
banks (etc.) use it particular as a basis for their internal XML messaging  
(i.e. they extend FpML), as well as using it between organisations  
(without the extensions).

Cheers, Tony.

On Fri, 29 Aug 2008 03:21:00 +0900, Michael Kay <mike@saxonica.com> wrote:

> I have two large investment banks among my customers who are using FpML
> (with local variations); but it's hard to tell for how much of their
> business. It certainly hasn't replaced SWIFT messaging quite yet.
>
> Michael Kay
> http://www.saxonica.com/
>
>
>> -----Original Message-----
>> From: Greg Stasko [mailto:gstasko@mac.com]
>> Sent: 28 August 2008 17:00
>> To: xml-dev@lists.xml.org
>> Cc: greg stasko
>> Subject: [xml-dev] FpML adoption?
>>
>> Had occasion to engage with someone re FpML - Financial
>> Products Markup Language.
>>
>> http://www.fpml.org/
>>
>> I had not encountered it before - How has it been received?
>> Are many organizations actually using it?
>>
>> Any anecdotal information appreciated.
>>
>> Thanks,
>>
>> Greg Stasko

-- 
Anthony B. Coates
Director and CTO
Londata Ltd
UK: +44 (20) 8816 7700, US: +1 (239) 344 7700
Mobile/Cell: +44 (79) 0543 9026
Data standards participant: genericode, ISO 20022 (ISO 15022 XML),  
UN/CEFACT, MDDL, FpML, UBL.
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