Isda set to launch FpML version 5.0

NEW YORK - The International Swaps and Derivatives Association (Isda) will launch version 5.0 of its derivatives trading communication protocol, Financial Products Markup Language (FpML), by year-end, in response to regulatory pressure on institutions for increased transparency, according to a senior official.

FpML is a standardised web-based industry language used in reporting dealing and processing information of over-the-counter derivatives, also covering foreign exchange forwards, non

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