OMX Readies FIX Data Recovery

Application sequencing enables data consumers to identify gaps in a sequence of market data messages and request retransmission of a subset of messages, thereby allowing users "to recover the most important market data first, or entirely skip certain categories of data," says Johan Toll, connectivity product manager for Nasdaq OMX in Stockholm.

Recovering market data is important for exchange members because the accuracy of their analytical tools depends on receiving the full set of data messages

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