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Jeff Saltz, vice president, JP Morgan and Ed Hoofnagle, director of technology and e-business, PricewaterhouseCoopers

What is FpML?

The Financial Products Markup Language (FpML), proposed by JP Morgan and PricewaterhouseCoopers (PWC), is an XML-based markup language for currency and interest rate derivatives that will allow financial institutions to exchange derivative transactions using the Internet. The FpML specification, which is freely licensed, will create a standard within capital markets

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