The International Swaps and Derivatives Association (ISDA) has released a working draft for Financial products Markup Language (FpML) Version 3.0.
FpML is the XML-based standard supporting OTC trading of financial derivatives.
FpML Version 3.0 will include coverage of all previously defined IRD products in FpML Version 2.0 together with FX products such as FX spot, forwards, non deliverable forwards, FX swaps and FX OTC options, says the Association.