Merrin Financial Receives FIX Protocol Specification; Weighs Its Usefulness For ITN System.

AUTOMATED TRADING

Late last month, Merrin Financial Inc. received its copy of the Financial Information Exchange (FIX) protocol, a set of message formats for equity order-routing proposed as a standard by a group of influential buy- and sell-side firms. Merrin Financial is currently evaluating the protocol specification, but Merrin president Seth Merrin shows no signs of having gotten over his skepticism about the protocol's ultimate utility to Merrin Financial (IMT, July 8). Thus its adoption by the vendor i

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