22 October 2017

PolarLake adds support for FpML

11 July 2005  |  641 views  |  0 Source: PolarLake

PolarLake, a leader in standards-based incremental integration, today announces 'out-of-the-box' support for Financial Products Markup Language (FpML) version 4.1, the International Swaps and Derivatives Association's standard for the electronic dealing and processing of financial derivatives instruments.

PolarLake Integration Suite is the world’s first Enterprise Service Bus (ESB) to offer full support for FpML 4.1, enabling the rendering, navigation and run-time mediation, transformation, enrichment and routing of FpML documents, and supporting the complex data structures that are unique to the FpML standard.

PolarLake Integration Suite is a leading, standards-based solution for the delivery of enterprise integration based on the ESB architecture. By adding support for FpML 4.1, the product suite is now able to handle the most complex XML schemas in order to meet the real-world requirements of financial services organizations. PolarLake is unique in providing full support for complex FpML structures, including Identity References, Substitution Groups and XSI Types – enabling these to be rendered and navigated at design time, and thus allowing full mediation and transformation of data contained within FpML messages.

"Our support for FpML 4.1 underlines our commitment to solving complex customer issues, and specifically those within the financial services industry," said Ronan Bradley, CEO of PolarLake. "Processing FpML 4.1 requires support for a number of sophisticated data structures. PolarLake is the only integration product on the market able to support this key data format, and thus the only product suitable for the delivery of integration solutions incorporating FpML."

FpML 4.1 provides a protocol for sharing information on, and dealing in swaps, derivatives and structured products. It provides a means to exchange descriptions of complex trades between financial institutions, and internally in STP flows, and thus enables the rapid settlement of these trades – reducing error rates, minimizing rebooking, and driving down the costs associated with derivatives trading. The efficiency gains FpML can deliver have led to widespread adoption and FpML's emergence as a de facto standard in the financial services industry.

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.innotribe.comRegister now

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
14506 views comments | 17 tweets | 28 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
13061 views comments | 22 tweets | 28 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9789 views comments | 13 tweets | 10 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
9676 views comments | 12 tweets | 23 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8796 views comments | 9 tweets | 18 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job