Article: New options for FpML and similar standards
by Digital Asset
Message-based integration with DAML-Driven ledgers
Financial markets could not survive without IT integration standards that specify the data and messaging formats that allow financial transactions to cross organizational boundaries. For derivatives markets, in particular, we have recently seen a huge leap forward in the quality of standards as ISDA unveiled the Common Domain Model
(CDM) and a companion CDM reference model
built in DAML
— the open source smart contract development language that was created here at Digital Asset.
But before the CDM, ISDA was (and remains) caretaker of the FpML (Financial products Markup Language) standard. Like any entrenched technology, FpML will remain in use for a long time.
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