May 5th, 2008 – The world’s leading financial market messaging standards organizations have been collaborating to create a financial messaging Investment Roadmap. FIX Protocol Ltd (FPL) has been working with FpML / ISDA (Financial Products Markup Language / International Swaps and Derivatives Association), SWIFT (Society for Worldwide Interbank Financial Telecommunication) and ISITC (International Securities Association for Institutional Trade Communication) on this initiative. The purpose of the roadmap is to provide market participants with a consistent and clear direction to messaging standards usage by visually mapping the industry standard protocols FIX, ISO, and FpML to the appropriate business processes across the major asset classes. This collaboration lays the groundwork for moving towards one common financial messaging standard, ISO 20022, while maintaining the existing independent protocols. The Investment Roadmap is now publically available for download from the FPL website here.

In addition to providing the industry with a current view of ...   more »