FIX Protocol Gains Momentum Backers Revise Promotional Campaign

FOCUS ON FIX

Some day soon, fund managers and head traders will look back and say, "This was the year that FIX joined the mainstream." In 1997, the FIX, or Financial Information Exchange Protocol, came close. More firms on both the buy and sell sides agreed to comply with the protocol for exchanging trade information, and more vendors agreed to develop software for it, but the actual volume of messages that could be termed "FIX compliant" is still far short of the industry's goals.

In spite of that, the FIX

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Where have all the exchange platform providers gone?

The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.

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