<s>
FpML	B-Application
(	O
Financial	O
products	O
Markup	O
Language	O
)	O
is	O
a	O
business	B-General_Concept
information	I-General_Concept
exchange	O
standard	O
based	O
on	O
Extensible	B-Protocol
Markup	I-Protocol
Language	I-Protocol
(	O
XML	B-Protocol
)	O
that	O
enables	O
business-to-business	O
over-the-counter	O
(	O
OTC	O
)	O
financial	O
derivative	O
transactions	O
online	O
by	O
following	O
W3C	O
standards	O
.	O
</s>
<s>
FpML	B-Application
is	O
distinct	O
from	O
similar	O
financial	O
standards	O
such	O
as	O
SWIFT	B-Protocol
and	O
FIX	B-Protocol
in	O
scope	O
because	O
it	O
provides	O
no	O
network	O
or	O
specification	O
of	O
a	O
transport	O
mechanism	O
.	O
</s>
<s>
The	O
FpML	B-Application
standard	O
was	O
first	O
published	O
by	O
JPMorgan	O
and	O
PricewaterhouseCoopers	O
on	O
9	O
June	O
1999	O
in	O
a	O
paper	O
titled	O
"	O
Introducing	O
FpML	B-Application
:	O
A	O
New	O
Standard	O
for	O
E-commerce	O
"	O
.	O
</s>
<s>
As	O
a	O
result	O
,	O
the	O
FpML	B-Application
standards	O
committee	O
was	O
founded	O
.	O
</s>
<s>
As	O
of	O
December	O
2021	O
,	O
FpML	B-Application
5.12	O
is	O
the	O
latest	O
recommended	O
version	O
.	O
</s>
