New York, October 28, 2026 – The International Swaps and Derivatives Association, Inc. (ISDA) has published a new version of its Financial products Markup Language (FpML), a widely used open-source standard for the electronic dealing and processing of derivatives transactions.
The latest iteration – version 5.14 – incorporates several key modifications and updates to reflect changes in market practice.
This includes revisions to support optional elections in version 2 of the 2002 ISDA Equity Derivatives Definitions (Versionable Edition), coverage of digital caps and floors and constant maturity swaps, and a more flexible representation of commodity schedules, such as hourly off-peak electricity. Version 5.14 also includes the addition of over 1,000 artificial-intelligence-generated business definition, providing a richer, more complete set of set of FpML representations.
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