When FX Met FIX
BEFORE THE SPIN
While it's hard to pay attention during the sleepy days of August, there was one announcement last week that deserves closer attention—Bear Stearns and Charles River Development (CRD) are working together.
In a bid for first-mover advantage, Bear Stearns Forex is working with CRD to provide investment manager clients with live access to executable foreign exchange (FX) markets via a CRD order management system (OMS), using the FIX protocol.
"So what?"you ask? Well, this is a fairly dramatic and
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