FPL Urges FIX for MiFID's Data Challenges

Industry officials associated with the FIX protocol urged its adoption as an industry standard for market data to prevent a negative impact on transparency arising from the European Union's Markets in Financial Instruments Directive, at a meeting in London last week of FIX Protocol Limited, the standard's governing body.

"Under MiFID, transparency data could fragment and data quality could fall… To avoid this, agreement on the use of messaging protocols and data standards is vital," said Simo

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