Proposed FIX Upgrade Is Published, Cross-Border Features Are Added

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The technical committee developing the latest version of the Financial Information eXchange, or FIX, protocol has proposed the latest update to the method for exchanging trade communications. While the proposal is the first upgrade in nearly a year, it offers no major changes to the session layer, the feature that establishes connections between parties. The upgrade does make some minor adjustments to order handling, trade settlement, and foreign exchange trading. After industry participants

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