FIX Protocol Offers Connectivity Solution for Some, But Not All SEFs

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Co-located DMA to SEFs is a distinct possibility in the future, according to GreySpark.

In the second of its three-part report on SEFs, the consultancy and research firm has determined that while functionality exists within the standard for an easy adaptation to the utilities that are more similar to equities-based functions, others will find a more unique solution is required.

"There's already a large push towards FIX by the industry in general, and particularly by sell-side banks, which are looking to minimize their technology spend," says Bradley Wood, managing parter at

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