The new language of derivatives
Every firm describes trades in its own format, and detail gets lost. FloatML models any derivative at full granularity, so every system and counterparty sees the same trade.
ExchangeRate
Asset- base_currencyCurrency
- quote_currencyCurrency
- quote_basisQuote
Basis - 2 more fields
SingleBarrier
Barrier- levelPrice
- directionBarrier
Direction - observationObservation
Schedule - 3 more fields
FXKnockout
Product- assetExchange
Rate - barrierSingle
Barrier - settlement_termsCash
Settlement Terms - 8 more fields
CashSettlementTerms
SettlementTerms- settlement_dateDate
- settlement_currencyCurrency
- settlement_rate_optionSettlement
Rate Option - 1 more field
SettlementRateOption
Observable- rate_sourceRate
Source - fixing_timeBusiness
Center Time - fixing_offsetRelative
Date Offset - 2 more fields
100+ instruments, live today
A sample of the products FloatML covers across asset classes, with more added every quarter.
FX
- Forwards, NDFs, and swaps
- Vanilla options to second gen exotics
- Volatility, variance, and correlation swaps
Rates
- Interest rate and cross-currency swaps
- Caps, floors, swaptions, and CMS options
- Inflation swaps and options
Equities
- Equity swaps, options, and autocallables
- Barrier, Asian, and lookback options
- Variance, dividend, and dispersion swaps
Credit
- Bond forwards, options, and swaps
- CDS indices and baskets
- Index tranches
Commodities
- Forwards and futures
- Vanilla and exotic options
- Physical and financial swaps
Hybrid
- Hybrid knockouts
- Worst-of options
- Multi-asset binaries
One language, every product
Each product has its own precise model in FloatML, and every model is exchanged over a single, unified API, compatible with ISDA CDM and FpML.
Instruments
Any derivative, at full granularity
Swaps, options, barriers, autocallables, worst-of, and hybrid structures across FX, rates, equities, credit, and commodities, with native handling of complex payoffs.
Precision
Unambiguous by design
Every term is structured, linked to shared reference data, and validated in real time, never left to free text, so a trade means exactly the same thing to every party that receives it.
10:42Agents
Built for systems and agents
Systems and AI agents read, check, and act on a trade directly, without interpreting a recap or a term sheet.
Lifecycle events
Every event in the trade's life
Allocations, novations, resets, fixings, barriers, and corporate actions, modeled with the same precision as the instrument.
Proven in production
FloatML carries live trades between funds and their dealers today.
Market tested
Funds and dealers exchange trades in FloatML every day, at full granularity, with no manual data entry.
Interoperable
Market and reference data translate cleanly to and from ISDA CDM, FpML, and the other standards you already use.
Correct by construction
Instrument definitions and market data are validated in real time, so every trade is complete and consistent.
Open and extensible
Every FloatML model is available through Float's APIs, for your systems and your agents.
Build on FloatML
Leading firms use FloatML natively on the Float network, and as the foundation of their own internal data strategy.