Financial Products Markup Language

Question

I am asked to map financial products into XML. It can be in any format. I know there is an open specification FPML. Is that worth to adopt FPML rather than my own standards? Also, how common FPML is in the industry?

score 8 · Accepted Answer · answered Apr 03 '11 at 09:52

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we used fpml all the time in morgan. Of course its not surprising given their involvment in it.

answered Apr 03 '11 at 09:52

steve

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score 7 · Answer 2 · answered Apr 03 '11 at 10:03

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Quite common - such products as Calypso and Murex use their own derivations of FpML: CalypsoMl and MxML respectively.

answered Apr 03 '11 at 10:03

Andrew

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I'd agree with quite common. In addition: I personally find that FpML and CalypsoML differ quite substantially in a number of design decisions, so I probably wouldn't call CalypsoML a "derivation" of FpML. I could imagine that mapping between the two can be quite a pain. – Mathias Körner Dec 02 '11 at 08:52

score 1 · Answer 3 · answered Apr 02 '11 at 16:27

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Be prepared to extend any specification you will use.

answered Apr 02 '11 at 16:27

quant_dev

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Financial Products Markup Language

3 Answers3