Press Releases at FpML.org
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Michael Davies, Chief Technology Officer of SwapsWire, Elected to FpML.org Standards Committee NEW YORK, February 20, 2001- Michael Davies, Chief Technology Officer for SwapsWire, has been elected a member of the Standards Committee of FpML.org, the non-profit consortium developing Financial products Markup Language as an e-commerce standard for OTC derivatives trading, according to Matt Meinel, Co-Chair of the Standards Committee. The Standards Committee is responsible for defining the approach for creating and maintaining the FpML standard, including monitoring progress in covering more products and supporting additional services. As such it oversees activities by Working Groups and is responsible for making the standard available to the general public and releasing new versions SwapsWire (www.swapswire.com) is a collaborative venture within the interest rates derivatives community focusing on delivering e-solutions for the negotiation and trading of Swaps products. The XML-based FpML standard is seen as a vehicle supporting these objectives. 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
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