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FinTrack applies FpML to OTC pricing and execution platform

18 December 2001  |  3101 views  |  0 FinTrack applies FpML to OTC pricing and execution platform

New York-based FinTrack Systems Corporation has incorporated the Financial products Markup Language (FpML) data exchange standard into its new real-time price distribution and execution system, PriceTrack.

PriceTrack enables institutions to broadcast fixed and negotiable asset prices to clients in real time. The company's RiskTrack system, which supports the exchange of interest rate derivatives data with an investment bank's legacy system, also uses FpML funtionality.

According to David Carey, managing director at FinTrack Systems, when a deal is executed on either system, FpML messages are generated to facilitate straight-through processing from the client through to a dealer's trading system.

FpML is the XML-based, freely licensed, e-commerce standard supporting OTC trading of financial derivatives.

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