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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