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FIX Protocol Ltd. has formed a working group to explore the widely used messaging protocol's applicability for communication between retail broker/dealers and institutional firms and exchanges. The Retail Intermediary Working Group will be headed up by Schroeder Salomon Smith Barney's Kevin Houstoun. Until now, FIX has been used solely for trade communications in the institutional community.

ABN Amro's equities derivatives group has selected OM Technology's Oneworld Securities Finance system

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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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