FIX Unites Market Data, High-Performance Working Groups

The combined working groups will report to FIX Protocol's Global Technical Committee, which is co-chaired by Jim Northey (pictured)

MDOWG will be subsumed under HPWG, whose constituent subcommittees—including the Application Layer Market Data Subgroup and the FIX Adapted for Streaming (FAST) Subgroup—oversee the use of FIX as a high-performance trading protocol. The new HPWG will report directly into the FIX Global Technical Committee.

Until recently, MDOWG had been finalizing the specifications for a new FIX Protocol-based market data standard to replace FAST, which was sidelined after IXO/Realtime Data filed a lawsuit

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