Rick,
On July 1, Forecross announces on Business Wire that it has signed up to work on the FpML project, the next generation protocol for e-commerce. This is really big. So why then is it not posted on the Forecross Web site? Their most recent announcement was posted May 17. Could it be that the announcement was incorrect?
I communicated with real FpML operatives, and they said all the known companies involved were mentioned in J.P. Morgan's post of Aug 2. Here is a segment .......
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Financial and technology firms commit to FpML
as new derivatives e-commerce standard
Firms join technical committee to advance XML-based
protocol; educational seminars in August
Fifteen firms, including market participants, professional services providers, software vendors, and system integrators, have announced the formation of a technical committee for the FpML (Financial Products Markup Language) standard announced last month. These firms have committed to working on the technical committee and supporting the use of the FpML protocol within the derivatives industry.
Today's announcement confirms FpML's emergence as the business-to-business e-commerce standard for derivatives. Based on XML, the emerging Internet standard for data-sharing between applications, the FpML protocol enables Internet-based integration of a range of services, from electronic trading and confirmations to portfolio specification for risk analysis. Members of the technical committee agree to help create a complete, XML-based standard upon which firms can communicate in the wholesale derivatives market.
The following firms announced their participation in the technical committee: co-developers J.P. Morgan & Co. Incorporated and PriceWaterhouseCoopers LLP.; from the financial sector, Banque Nationale de Paris SA, Chase Manhattan Corp., Credit Suisse First Boston, Deutsche Bank AG, Lehman Brothers Inc., Merrill Lynch & Co., Morgan Stanley Dean Witter, and Freddie Mac; and from the technology sector, International Business Machines Corp., Infinity - A SunGard Company, Integral, Sybase, Inc., and webMethods.
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As you can see, Forecross is NOT on the list.
- Mark |
