BMA panel warns against using Fix for fixed income
FIX PROTOCOL | FIRMS SHOULD BE CAREFUL USING FIX FOR BONDS – PANEL
NEW YORK – A panel of officials from user firms sounded a note of caution against using the Fix protocol for fixed-income securities trading during their ‘lessons learned from electronic trading’ discussion at a Bond Market Association meeting held late last month. "The advantage accrues to firms that use a common language and common processes," said Randy Sides, head of US e-commerce at Barclays Capital (Barcap). "Fix is a standard with flexibility, but don’t stray too far and lose the
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