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General FpML Discussion Technical & Implementation Questions Does FpML 5.3 support pre-trade activities (Orders/RFQ)?

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  • #2026
    suren_jain
    Member

    Hi, We are looking for utilizing FpML 5.3 specifications, for transporting the pre-trade (Orders and RFQ’s), for FX product. Doing a general search on the site, I found that the pre-trade xsd, was last included in version 4.9, but couldn’t find anything after that. Has this been removed from the specifications? If not, under which view and element, is this available? Any help with this, is much appretiated. Thanks

    #2029
    iyermakova
    Spectator

    Hello, FpML 5.x does not include a pre-trade view (pre-trade business category) at this point in time. In the earlier stage of FpML 5.0, the pre-trade view was published, based on work done in the 4.x series. Because the pre-trade view has not been reviewed by a working group to date, we do not publish it as a separate view for the moment. The pre-trade business processes (PlaceOrder, OrderAcknowledgement, OrderException, PlaceOrderRetracted, RequestQuote, Quote, QuoteAcknowledgement QuoteException) are part of the FpML master schema and we can expect that these will be evaluated in the near term together with the work from the Electronic Trading Task Force, which is concentrating more on the pre-trade product representation. Regards, Irina Yermakova

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