Tradeware Banks on FIX for the Future

Tradeware Global operates a FIX message grid through which institutions can reach brokers, and through which 280 institutions take part, a relatively easy feat for equities, says Chuck Giessen, president of Tradeware.

However, dealing with FIX isn't as simple as it used to be, according to Giessen. The FIX messages themselves have many more fields and are much more complex than they were just a few years ago, he says. "FIX is now at 960 fields going to 1,300 and every byte of those is precious,"

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