|
Fixed Income
< Previous Next >
Re: how desrcibe Interest Rate Swap product in FIX protocol Delete
Robert Stowsky / Brook Path Partners, Inc.
31 Oct 2006 7:39PM ETWe will shortly be sending out a new call for participation for the FIX-FpML Collaboration WG. In regards to using FIX for OTC Derivatives, using FpML within the FIX message as described in the document to which Dean provided the link is the recommended practice and has gained acceptance in the industry.
Regards,
Robert Stowsky
Co-Chair FPL Global Derivatives Technical Subcommittee
> No - many IRS trade elements are not defined in FIX, and user-defined
> fields could be added to accommodate them. But using FpML to document an
> IRS trade over FIX leverages two mature, widely-used standards and will
> engage you and your counterparties in the document technology ultimately
> required for downstream reporting, e.g. DerivSERV, Swaps Wire and market
> participants already eTrading derivatives.
>
> > Does it mean if we want to describe Interest Rate Swap product, we
> > must use FpML in FIX protocol?
> >
> > > Hello Tony, The proposal and examples can be found at this link:
> > >
> > > http://fixprotocol.org/documents/1349/FIXFpML%20Proposal.doc
> > >
> > > > I saw somebody use FpML in EncodedSecurityDesc to describe this
> > > > kind of product. I don't konw how to use FIX protocol to implement
> > > > it. Anybody has idea for that? THanks
Re: how desrcibe Interest Rate Swap product in FIX protocol Delete
Robert Stowsky / Brook Path Partners, Inc. 31 Oct 2006 7:39PM ET
|
