Exchange-friendly FIX version planned

STOCKHOLM & FRANKFURT - Swedish exchange operator and technology provider OMX and the German exchange Deutsche Borse are partnering to define a new harmonized exchange standard based on the FIX protocol.

"What we have noticed from feedback is that version four of the FIX protocol covers communication between banks very well," says a spokesperson for Deutsche Borse. "But exchanges need more details in transaction and confirmations."

"Right now, we will focus on auto-management and market data,"

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