Emerging Markets Embracing FIX
With electronic trading moving well past critical mass in developed countries, FIX Protocol Ltd. (FPL) is encouraging adoption of the financial information exchange protocol in emerging markets in Asia, Eastern Europe and Latin America.
The FIX protocol, which is the global standard for buy-side-to-sell-side communications in the equities markets and is increasingly used in fixed-income, listed derivatives and foreign exchange transactions, "is truly an industry-driven messaging standard," says Scott Atwell, co-chair of FPL's global steering committee. The organization currently has 200 member firms.
|
||||||||||||||||||
