FpML Faces Uphill Battle for Users

TTW 2003 PREVIEW

For 2003 and beyond, the rapidly growing over-the-counter (OTC) derivatives business could be hampered unless trading firms do more to automate the derivatives trading process, say industry players.

The OTC derivatives markets grew by 26 percent between 1999 and 2001, according to Karel Engelen, project manager for the International Swaps and Derivatives Association (ISDA). Engelen oversees the Financial Products Markup Language (FpML), the industry-developed variation of the Extensible Mark-Up

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