Fix prepares to go algo

The Fix Algorithmic Trading Definition Language (Fix ATDL) has entered into beta testing as FPL prepares to release it later this year. The new language will support algorithmic trading, enabling users to reduce the effort required to deploy new algorithmic order types. FPL says the release has gained support from 15 industry participants, including six of the top broker-dealers. They will be able to specify algorithmic order types in an industry-standard XML format, enabling the buy side to