FpML^TM (financial product markup language) is expected to become the standard for the derivatives industry in the field of e-commerce. It is a new protocol for sharing information on, and dealing in, financial derivatives over the Internet. Based on XML, FpML enables the integration of a range of services, from Internet-based electronic dealing and confirmations to the risk analysis of client portfolios.

The FpML organization has, as its mission, the streamlining of processes supporting trading activities in OTC derivatives through the creation, maintenance and promotion of an e-commerce language for describing these products and associated business interactions, based on industry standards. This past November the FpML Steering Committee met in New York City to discuss their goals for the year 2000.

Brian Lynn, VP, Derivatives Architect at J.P. Morgan, is co-chair of the FpML Standards Committee. He has over 14 years of software applications development experience, five of which have been in financial derivatives. At JP Morgan he is program manager for FpML and is responsible for technology architecture and strategy in its interest rate derivatives and exotics group.

Prior to joining JPM he was a Managing Director at CIBC World Markets, where he was responsible for its fixed income quantitative research and development group. Previously at CIBC he was responsible for key parts of its derivatives technology, including a commodity derivatives trading system, spreadsheet analytics, front and middle office risk and P/L reporting applications, a global risk data consolidation system, a global credit exposure calculation system, and various operational reporting applications.

View Powerpoint which introduces FpML.
View Powerpoint which gives an overview of the FpML 1.02b2 draft.
View Powerpoint which shows how a sample JP Morgan application uses FpML.
See a sample FpML document describing an interest rate swap.


other seminars