FPL Preps Latency Standards Group

FIX Protocol Limited (FPL), the industry body behind the FIX Protocol and its FAST spin-off for market data compression, has set up a FIX Inter-Party Latency (FIPL) working group to provide standards for data and trading latency monitoring and information sharing.

The group, which will hold its first meeting on Jan. 13, will be co-chaired by Henry Young, director of product development at London-based data consultancy and latency management software developer TS-Associates, and Nicholas Morrison,

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