Merrill Lynch, Putnam Team Up On FIX Protocol For Fixed Income
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NEW YORK--Putnam Investments and Merrill Lynch have developed and are testing a FIX protocol for use in trading fixed income instruments. They hope to leverage its benefits for use on a fixed income trading platform in the near future that would have the potential to become an industry standard.
What they currently have is not a fixed income platform, says William J. Sullivan, senior vice president and head of fixed income trading at Putnam, "but the protocol that we have would be very useful to
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