Can FIX Link STP to Market Data?

OPEN PLATFORM

STP is back, but now the industry needs to incorporate market data. FIX may provide the answer.

By Chris Pickles, manager, industry relations, BT Radianz

STP is back in the dictionary of acceptable industry terms—at last! ISITC-IOA, the global securities processing industry association, called its spring conference in Boston "STP: Back to Basics," and that reflects the industry’s move back to addressing STP.

"T+1" was an STP initiative led by the securities industry, but it now looks like it’