FPL Panel Touts FIX for MiFID Data Challenges

LONDON-Some industry figures are calling for the FIX protocol to be expanded to encompass reference data. The aim is to create a symbology standard for addressing the data challenges of the European Commission's Markets in Financial Instruments Directive (MiFID), according to a panel of industry experts hosted by FIX Protocol Limited (FPL) in London in July.

With MiFID resulting in more trading venues competing for order flow and potentially fragmenting markets, standardization is a key conce

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