[This message was posted by Jim Northey of The LaSalle Technology Group <j...@lasalletech.com> to the "FIXML" discussion forum at http://fixprotocol.org/discuss/7. You can reply to it on-line at http://fixprotocol.org/discuss/read/d6efbcd2 - PLEASE DO NOT REPLY BY MAIL.]
> What is the position of FIXML versus FpML ? Juxtaposed :) (Couldn't resist) I think others will provide an informative response. FIXML can include an FpML payload. Some firms actually exchange FpML messages over a FIX session layer and the FIXT.1.1 layer is especially useful for this purpose. FIX and FpML cooperate as much as possible. We compete in others. The area of reporting is being contested across multiple protocols. ISDA and FPL work closely as part of a Standards Coordinating Group trying to manage overlap throughout the business life cycle. My opinion is that ISDA and FPL enjoy a good working relationship. As a general rule FpML is for OTC (non-exchange traded) products. FIX/FIXML covers listed markets in general. Exceptions exist of course to this broad division. As OTC markets begin to mimick existing listed markets in terms of business processes the overlap between FIXML and FpML increases. Both FIX (meaning the FIX Protocol Ltd. organization) and ISDA participate in the ISO 20022 process which is capturing a common repository of business messages. Others please provide your input, opinions, and thoughts... [You can unsubscribe from this discussion group by sending a message to mailto:unsubscribe+10093...@fixprotocol.org] -- You received this message because you are subscribed to the Google Groups "Financial Information eXchange" group. To post to this group, send email to fix-proto...@googlegroups.com. To unsubscribe from this group, send email to fix-protocol+unsubscr...@googlegroups.com. For more options, visit this group at http://groups.google.com/group/fix-protocol?hl=en.
