FIX Group Delays FIPL Latency Standard

Henry Young, chief executive, TS-Associates

Messaging standards body FIX Protocol Limited’s Inter-Party Latency Working Group has postponed the release of version 1.0 of its FIX for Inter-Party Latency protocol (FIPL), which aims to provide an industry-wide standard for measuring and reporting latency between firms and trading venues, to make it easier to compare latency metrics for different markets.

Henry Young, chief executive of latency monitoring vendor TS-Associates and chair of the working group, confirms that the FIPL standard—ori