OWL

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OWL, the Web Ontology Language, is a W3C Ontology Language for the Semantic Web. OWL provides constructs for expressing classes, properties, individuals, axioms, and relationships with formally defined meaning.

OWL supports machine processing and reasoning over Ontology content. Systems use OWL for formal ontology expression, consistency checking, classification, and inference under OWL semantics.

OWL is an ontology language. OWL does not define Semantic as a whole, and OWL does not define ontology as a modelling discipline. An architecture uses OWL to realise selected ontology content after defining the underlying domain meaning.

ontology language for the Semantic Web with formally defined meaning

W3C Web Ontology Language (OWL), specialised for use in the FX Demo Reference Architecture.

OWL documents express ontologies. OWL expression does not by itself establish validity. The Conceptual Model (CM) and domain meaning govern the OWL expression.

An OWL ontology expresses FXTrade as a class, hasCounterparty as a property, and TradeConfirmed as a class or individual pattern. The OWL expression supports formal processing, but the FX Demo architecture defines the business meaning of trade confirmation.