Image
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?

 


Popular
Most Viewed

Image

Related Articles


September 15, 2022

Tradefeedr Hires Alexis Fauth as Head of Data Science and Client Analytics




2 MIN



FX


September 6, 2022

Siege FX announces the launch of NetFix




2 MIN



FX


August 2, 2022

OSTTRA and LCH collaborate to reconcile bilateral OTC trade data




2 MIN



Post Trade Processing