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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