FpML® (Financial products Markup Language) is the open source XML standard for electronic dealing and processing of OTC derivatives. It establishes the industry protocol for sharing information on, and dealing in, financial derivatives and structured products.

The standard is developed under the auspices of ISDA, using the ISDA derivatives documentation as the basis. As a true open standard, the standards work is available to all at no cost and open to contribution from all. There is no membership requirement. (See the FpML license.)

The standard evolution and development is overseen and managed by the FpML Standards committee, following W3C rules of operations guidelines.

The following diagram illustrates the scope of the FpML specification in relation to various dimensions such as technology, industry coverage, governing bodies, and implementation activities. (This diagram shows the organization of the latest FpML version 5. Click here to display the diagram for version 4)

View product coverage for different versions: FpML 5 Product List