FpML.org Seeks Participants for New Architecture Working Group; Initial Focus on XML Schemas for Version 2.0.Business Editors NEW YORK--(BUSINESS WIRE)--Aug. 29, 2001 FpML.org has issued a Call for Participation seeking volunteers to work on further developing the technical architecture and structural aspects of the XML-based 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. standard supporting OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). trading of financial derivatives. Brian Lynn, co-chair of the non-profit consortium's Standards Committee, said the working group will consist predominantly pre·dom·i·nant adj. 1. Having greatest ascendancy, importance, influence, authority, or force. See Synonyms at dominant. 2. of technologists within financial institutions, systems vendors and service providers. "Activities are expected to start in September and continue through January 2002," Mr. Lynn said. "Areas of consideration include digital signatures, encryption The reversible transformation of data from the original (the plaintext) to a difficult-to-interpret format (the ciphertext) as a mechanism for protecting its confidentiality, integrity and sometimes its authenticity. Encryption uses an encryption algorithm and one or more encryption keys. , attachments and extensions. The group will also address structural issues relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc such matters as the versioning and extensibility of FpML documents. An early deliverable will be producing an XML schema The definition of an XML document, which includes the XML tags and their interrelationships. Residing within the document itself, an XML schema may be used to verify the integrity of the content. representation of FpML Version 2.0." Individuals interested in volunteering for the group are invited to register at www.fpml.org/wg/architecture/index.html prior to September 7. Based on past experience, prospective members should be prepared to commit 1 to 2 days a week on average. Mr. Lynn said that FpML.org is comprised of volunteers from some 30 companies who participate on the Board of Directors, the Standards Committee or as members of Working Groups. Volunteers are employees at leading banks, information and software vendors, and systems integrators An individual or organization that builds systems from a variety of diverse components. With increasing complexity of technology, more customers want complete solutions to information problems, requiring hardware, software and networking expertise in a multivendor environment. . FpML is a freely licensed standard designed to support the electronic dealing and processing of financial derivatives between trading partners, including financial institutions and their client network.
Organizations Actively Participating in the FpML Standard
Bank of America - BNP Paribas - Citigroup - Credit Suisse First
Boston - Deutsche Bank - HCL Perot Systems - ISDA - 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 Warburg
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