Sell Side No Longer Has A FIX on the Buy Side
OPEN PLATFORM
By Sam Johnson, president and CEO of TransactTools
During the past several years, as the Financial Information Exchange (FIX) protocol was emerging as the global standard for front-office trading connectivity, the sell side has had a unique opportunity to provide "connectivity-enabling" technology to its institutional customers.
There were a few reasons for this, the main one being simply that FIX and electronic connectivity was a hard thing to do. To FIX-enable a business system required an
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