FINANCIAL PRODUCTS MARK-UP LANGUAGE. FPML is a standardised language designed for sharing information on, and dealing in, swaps, derivatives and structured products across software and hardware systems.
FpML (Financial products Markup Language) is a new XML based standard for sharing information on, and dealing in, financial derivatives over the Internet. It will ultimately allow the electronic integration of a range of services from Internet based electronic dealing to the risk analysis of client portfolios. There is an influential group of companies participating in its development including leading organisations including Bank of America, Chase Manhattan, Deutsche Bank, IBM, Reuters in addition to PricewaterhouseCoopers and JP Morgan who together publicly announced the standard in June 1999.