A Whole Lot Of Motion In Electronic Trading And Order Routing

AUTOMATED TRADING

The Financial Information Exchange (FIX), a group of large buy- and sell-side firms intent on proselytizing its messaging protocol, gained momentum last year, particularly in the area of electronic advertising of indications of interest.

Autex, for example, a product of Thomson Financial Services' Electronic Settlements Group and the leading commercial provider of indications of interest systems, became FIX-compliant last year.

However, despite FIX's progress, it remained unclear whether the p

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