Companies Represented on FpML.org Standards Committee Expand to 18; New Appointments Reflect Broadening Coverage of e-Commerce Standard For OTC Financial Derivatives Trading.Business Editors NEW YORK--(BUSINESS WIRE)--June 18, 2001 FpML.org, the non-profit consortium developing Financial products Markup Language markup language Standard text-encoding system consisting of a set of symbols inserted in a text document to control its structure, formatting, or the relationship among its parts. The most widely used markup languages are SGML, HTML, and XML. as the freely licensed e-Commerce standard supporting OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). trading of financial derivatives, said that HCL HCl hydrochloric acid. Perot Systems (HPS See Seer*HPS. ) and Integral Development Corporation will provide representatives on the organization's Standards Committee. This brings to 18 the number of firms represented. Brian Lynn of JP Morgan, co-chair of the committee, said the appointments support work to expand the standard to cover additional asset classes. HPS is represented by Ms. Padma Parthasarathy, a Group Manager for Financial Services; Integral Development is represented by co-founder Dr. Viral Tolat. Mr. Lynn also said that Peter Fraenkel, Manager of the Quantitative Programming Group at Morgan Stanley, and Dieter Stein, Manager of the Integration and Implementation of the Credient Service at SunGard Trading and Risk Systems, have been appointed to the Standards Committee to fill vacated positions. The Standards Committee implements the strategy set by the organization's Board of Directors by defining and maintaining the FpML standard as well as evolving the standard to cover more products or to support additional business services. The activities of the Committee are accomplished through Working Groups. Working Groups, represented by numerous other organizations, are focusing on FX options, Interest Rate Derivatives, Equity Derivatives and the standard's Business Message and Architecture. Individuals interested in participating in FpML.org are invited to visit www.fpml.org and click the Working Groups icon. Organizations actively participating in the FpML standard: Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. - BNP Paribas - Citigroup - Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. - Deutsche Bank - HCL Perot Systems - Mizuho Capital Markets Corporation - Goldman Sachs - Integral Development Corp - International Business Machines - JPMorgan - Morgan Stanley - PricewaterhouseCoopers - Reuters - SunGard Trading and Risk Systems - SwapsWire - S.W.I.F.T. - UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Warburg |
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