FpML-FIX Working Group

Group Information

Mission: To support interoperability between the FIX, FIXML and FpML protocols.

Chairs of Working Group

Robert Stowsky, Brook Path Partners (for ISDA/FpML)

Jim Northey, The LaSalle Technology Group (for FPL)



Group Charter

Scope: The functional scope of the working group will be as follows:

  • Ensure technical interoperability of the FpML and FIXML Schemas
  • Perform a gap analysis of FIX business processes that are applicable to OTC derivatives.

Skills: The group seeks individuals having skills in at least some of the following areas:

  • Understanding of FIX and FIXML architecture
  • Understanding of FpML architecture and products

The group will be comprised of existing members of FIX and FpML working groups. Recommendations coming out of this working group will be reported to the FIX and FpML governing committees by the respective members of each organization. Meeting Schedule: The group will meet weekly via teleconference on Wednesdays at 8:00 AM eastern time Rules of Operation: The working group will adopt the FpML Rules of Operation (Working Groups section). These outline best-practices for meetings, managing member participation, reaching group consensus and voting. Estimated time commitment from Participants: The time commitment is expected c. 4-8 hours per week  


Date for completion

Establish working group
Week 1
Review FIXML Schema
Week 2
Review FpML Schema
Week 3
Establish level of interoperability between schemas
Week 4
Address schema usage issues and directions
Week 5
Define specification for how FpML will be referenced from FIXML
Week 6
Define specification for FIXML will be referenced from FpML
Week 7
Examine FIXML message types that fit in with FpML right now (confirmation and post trade)
Week 7
Create example combined message
Week 9
Examine FIX message types that are not compatible with FpML (pre-trade)
Week 10
Propose FpML extensions for supporting new message types
Week 11

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