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Progress Software intros DataXtend browser

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CIOL Bureau
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BEDFORD, USA: Progress Software Corporation, software provider that enables enterprises to be operationally responsive has announced the availability of the Progress DataXtend Browser for Financial products Markup Language (FpML), a free offering that will enable users to more easily navigate and understand complex FpML data models.

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FpML is an XML-based message standard used widely in the OTC (over the counter) derivatives industry and licensed by the International Swaps and Derivatives Association (ISDA).

FpML is used as the standard language for OTC derivatives transactions to facilitate communication between systems and counterparties.

“The development and communication of FpML messages plays an important role in enabling OTC derivative related transactions,” said Robert Stowsky financial services director at Progress Software.

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Stowsky added, ”With the market coming under increasing scrutiny from regulators, it is critical for organizations to quickly and efficiently integrate emerging standards such as FpML. Progress Software provides the tools necessary for financial organizations to manage the diverse and constantly changing data models and standards at the core of their business.”

Based on the Progress DataXtend Semantic Integrator, the DataXtend Browser for FpML will make it easier for organizations to search and understand complex FpML syntax and validation rules, compare disparate FpML data models, and better understand the FpML hierarchy and relationships.

The new color-coded model, which the browser enables, offers developers and architects a more natural and intuitive way to view FpML syntax than the manual alternative of searching through vast sets of files.

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