Fidelity launches Fix for fixed-income trading

ARCHITECTURE AND INFRASTRUCTURE

BOSTON -- Fidelity Investments, a Fix pioneer for equities trading, is extending the connectivity protocol to support fixed-income trading for sell-side counterparties, says Jon Jamen, vice-president for fixed-income trading systems at the firm.

Fidelity Investments has implemented the Fix protocol for most of its domestic, fixed-income trade life cycle -- including the order, execution, allocation and confirmation steps -- at two counterparties, Jamen says.

The implementation has been

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