FIX Version 4.2 Works for Market Data


Note: This commentary was adapted from the Mr. FIX-It column written for Institutional Trading Technology.

NEW YORK--When will FIX accommodate the full range of market data? Well, the answer is right now, as the latest release, version 4.2, includes all the necessary functionality.

The Financial Information Exchange protocol, or FIX, is a messaging protocol that facilitates straight-through processing. It used to be the case that FIX was used solely to transmit subjective market data, with the

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