FIX Will Go On, With Changes, Despite Swift Convergence


NEW YORK--FIX Protocol Ltd. (FPL) and Swift have announced a partnership to create a front- and back-office communication protocol. This agreement does not signal the end of FIX, but it will likely mean changes to it and other protocols.

FIX, which dominates the front office, and Swift, which owns the back office, will both adopt ISO 15022 XML as a common industry standard. The ISO Working Group 10 is responsible for evolving the current ISO 15022 into an XML-based language incorporating the

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