Financial Products Markup Language (FpML)

Experts explain that Financial Product Markup Language enables system-to-system communication and business-to-business transactional knowledge. Financial Product Markup Language helps route the same data between different types of applications, and helps make derivatives trading clearer. There is the intent to support risk analysis and other aspects of derivatives trading. This type of specific purpose-driven software is based on a greater idea of eXtensible Markup Language, that objects and items can be fully described using this type of code in order to set up sophisticated models or virtual operations.