Comment No joke - eSpeak doesn't (Score 1) 48
I think eSpeak from HP seems to stand more chances and I like it better because: [snip] Not "financial" oriented
FpML is not about brokerage between bid and offer, as eSpeak seems to be. Rather, it addresses an urgent need for banks to speak a common and extensible language when exchanging data with other departments or banks.
Data in this context means trade details, counterparty information, etc. New financial instruments are born every day, and different applications (e.g. front office system vs. risk management application vs. settlement system) need different parts of that data. XML is extremely applicable to the financial industry, and FpML was just a thing waiting to happen.
