Exchanges, FPL Look to FIX Orders
EXCHANGE TECHNOLOGIES
CHICAGO—FIX Protocol Ltd. (FPL), the Chicago Mercantile Exchange (CME), the London Stock Exchange (LSE) and the Archipelago Exchange are working on a proof-of-concept project that could slash the bandwidth required to send trade orders via FIX, officials tell DWT.
The project is currently being tested as a way of reducing the size of market data messages, using compression techniques developed by the CME last year (Inside Market Data, Aug. 9, 2004 and Sept. 27, 2004).
The exchanges are in the
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