New Messaging Format To Ease Algo Deployment
SPECIAL REPORT: NEXT-GENERATION ALGOS
The FIX Algorithmic Trading Definition Language (FIXATDL) addresses the industry problem of how to disseminate or to update the deal ticket in order management systems. "It allows members of the sell side to get the order to the market with minimum impact," says Kevin Houstoun, co-chair of the FPL Global Technical Committee and global transaction messaging consultant to HSBC.
Sell-side firms will use an XML file to describe their algorithms, their parameters and the FIX tag mappings on how they
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