FIX Releases New Technical Proposal for Orchestra System
FIX hopes more firms adopt its Orchestra system in a bid to improve operational efficiency of the protocol.
Release Candidate 3 for FIX Orchestra is the third proposal for standards within FIX Orchestra and will be available for public comment.
FIX Orchestra, designed to be a machine-readable rules of engagement between counterparties, is expected to help add operational efficiencies within the FIX community by translating messaging protocols and help with the onboarding of counterparties. With Orchestra, implementations of the FIX protocol that can vary between some users are normalized and
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