The FIX Is In
IT SQUAWKBOX
CityIQ estimates that FIX could save the industry $100 million annually.
The Financial Information Exchange (FIX) protocol is kissing up to more industry forces than Madonna at an awards ceremony, and that may be a good thing. Its most frequent partner, the extensible markup language (XML), is helping FIX make major inroads in the path to smooth front-to-back office operations.
Stepping back a little, the front-to-back office potential of FIX became clear in the summer of 2001 when the FIX
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