March 8, 2018

Public Margin Call Messaging API – VC funding call

A new invention to make making margin calls easier. Just invented today

Here's a new invention, maybe a bit tongue in cheek but not a bad one.

  • Almost all firms need to make and receive margin calls
  • Everyone needs to make sure these are done efficiently and trackable
  • Lets invent a public data format for margin calls and responses
  • Lets invent a message choreography where the calls and responses follow an understood pattern
  • Lets then invent an API for each firm to activate over the internet
  • And also invent a simple directory to which the API address is found
  • Every vendor who wants to issue a margin call can then adopt the public protocol
  • Every firm handling margin calls then codes to that API, and maps internally to their in-house or vendor systems
  • Put a single firm (such as ISDA) in charge of maintaining the message formats and chorography. (Or OTC Space can do it, with help)

From then on, calls and receipts follow a common pattern using a a free common public API. If anyone wants to send me some VC funding we could have this ready this year. Doesn't FpML have something like this already?


Most Viewed


Related Articles

June 20, 2022

Regulatory change and data fragmentation are key challenges for 85% of firms



June 13, 2022

Driving competitive advantage from FX TCA to LPA



June 9, 2022

Three leading banks join CLSNet