Datascope - Building FpML
DEPARTMENTS
If FpML is the answer, why aren't more firms (and vendors) using it? By Daniel Safarik
Derivatives are unique by nature. The lack of standard terms and contracts has inhibited the formation of any central marketplace. Full electronic trading also has yet to happen, because of the apples-and-oranges nature of many derivatives products.
Not surprisingly, the firms and vendors that serve the market are eager to create XML tags to help define the apples and the oranges. In fact, many are promoting
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