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I'd change the current text from: 3.1.7 Representing Internal TradesThe focus of FpML to date has been on the focus description of trades for B2B purposes. At the same time many of the existing implementations have been for internal trade exchanges between systems. Extending FpML to handle internal trade information entails adding additional elements to the current schema to hold the values needed to categorize a trade for internal purposes. There are several ways this information could be added to the schema (e.g. optional elements, alternative inheritance structures, inheritance by restriction) each with its own properties in terms of ease of validation or affects on document style. The FpML coordination committee is currently considering the types of information that would be useful to add for internal processing (i.e. management, risk and P&L reports, etc.) and the most appropriate location within the schema to place it. These enhancements will be included in a future release of FpML but in the mean time the FpML 2.0 Architecture specification contains examples of how bespoke extensions can be made to achieve this with the FpML 4.0 schema. to: 3.1.7 Representing Internal TradesThe focus of FpML to date has been on the focus description of trades for B2B purposes. At the same time many of the existing implementations have been for internal trade exchanges between systems. Extending FpML to handle internal trade information entails adding additional elements to the current schema to hold the values needed to categorize a trade for internal purposes. There are several ways this information could be added to the schema (e.g. optional elements, alternative inheritance structures, inheritance by restriction) each with its own properties in terms of ease of validation or affects on document style. The FpML Architecture specification contains examples of how bespoke extensions can be made to the schema. Thanks
Andrew Jacobs
Director, HandCoded Consulting Ltd.
Director, HandCoded Software Ltd.
Mob: +44 (0)7710 304239
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