FIX Market Data Protocol Spec Nears Completion

FIX Trading Community outlines progress on development of a new, standardized protocol for market data transmission.

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Following analysis conducted earlier this year, FIX determined that building ITCH into FIX was not the most suitable way to extend the standard for market data, says Jim Northey, co-chair of FIX’s Global Technical Committee and senior partner at LaSalle Technology Group, citing limitations around expressing known values, missing fields and derivatives support.

“We started out looking to make ITCH and OUCH FIX standards. We held meetings with Nasdaq. Our analysis led us to conclude that the indus

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