The proposal is designed to mitigate the problem of managing data on the growing volume of options series and spreads, according to Matt Simpson, associate director of trading systems architecture at the CME and co-chair of the global technical committee of FIX Protocol Limited (FPL), the organization behind the development of FIX.
FPL's global derivatives committee recently approved the technical specifications for the initiative, which has been dubbed the Security Definition Proposal. The s
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