FIXated on FX
COVER STORY
If you contact asset manager American Century Investments, you better be speaking the FIX Protocol Limited’s (FPL) FIX language and nothing else. The Kansas City, Mo.-headquartered firm, with approximately $85 billion in assets under management, has been an early adopter of the messaging protocol and now requires all of its counterparties to communicate using it, even for foreign exchange (FX).
"We decided to go this way to reduce the risk of double-keying data and to make the process more
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