FpML calls for input on foreign exchange standards

TECHNOLOGY NEWS

NEW YORK -- Anyone frustrated by the lack of common standards for processing FX trades will be encouraged by a new initiative from FpML.org

The non-profit consortium, which aims to make Financial Products Mark-up Language the industry standard for electronic derivatives trading, recently asked members what asset classes they wanted FpML to cover.

Working group

As a result, the organisation is setting up an FX products working group, and is seeking technology, product and process specialists f