Ticked-Off Merrin Eyes FIX, But Blasts 'Closed' Committee


MERRIN Financial Inc. remains poised to take delivery of the specifications for the proposed Financial Information Exchange (FIX) communications protocol for equity order-routing. However, despite the vendor's stated willingness to work with FIX, Merrin president Seth Merrin is irritated by the FIX committee's restrictive membership and admission policy, and is concerned that the group's cabalistic methods may slow any development efforts FIX hopes to lead. Nonetheless, Merrin may end up

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