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Standard Development


GEM advises firms seeking to develop XML standards based on FpML and related financial standards. Some of the services that GEM can perform include:

  • Advising clients on existing capabilities of standards.
  • Assisting clients to define additional data and protocol requirements for their applications.
  • Leading and facilitating requirements definition workshops.
  • Developing documentation describing the required standar, including items such as:
    • Interaction scenarios, message interaction diagrams
    • Message definition documentation
    • Example messages
    • Usage guides

Recent Engagements

Following are some recent engagements that we have undertaken that involved work in this area.

  • Advising the FpML Coordination Committee on cross-product issues, and acting as overall editor of the FpML standard.
  • Advising a matching service on development of extensions to the FpML messaging model.
  • Advising the FpML Energy Working Group on extending FpML for energy derivatives.
  • As part of our business development program, we also chair the FpML Pricing and Risk working group, which is developing standards for exchanging information required to price and risk manage financial derivatives.

In addition to this industry-leading FpML knowledge, GEM can draw on Brian Lynn's broad expertise in standard development. Some of the previous standards development work that Mr. Lynn has undertaken includes:

  • Developing, for Atomic Energy of Canada, Ltd., and Ontario Hydro, standards for the development of nuclear control software.
  • Developing, for Atomic Energy of Canada, Ltd., software quality assurance (SQA) standards for the development of nuclear control and shutdown software.


Top Headlines
Sept, 2008 - Omgeo and GEM

Omgeo has acquired Global Electronic Markets' derivatives reconciliation platform, FpML Mediator. See the Press Release to read more.


July, 2008 - Compress, Collaborate, Consolidate

Read about trends in OTC derivative processing in GEM's July Financial Standards Flash.


Oct, 2007 - Benchmarking OTCD Reconciliation.

Read about the OTC derivative reconciliation practices in GEM's October Financial Standards Flash.


Aug, 2007 - Impact of Recent Events.

Read about the impact of recent market events on standards and reconciliation in GEM's August Financial Standards Flash.


Dec. 12, 2006 - Mediator license sale announced.

GEM and T-Zero announce integration of GEM's technology into T-Zero's platform.

more...
Feb, 2007 - GEM Product Enhancements.

Read about it in GEM's February Financial Standards Flash.


April, 2006 - FpML Mediator 2.0 is here.

FpML Mediator 2.0's new user interface for reconciliation has been delivered to clients for use in both OTC and non-OTC products.


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