European buy-side firms slow to get their Fix
OPEN PLATFORM: LATENTZERO
The Financial Information Exchange (Fix) protocol is not a new phenomenon in the financial services industry. In fact its roots can be traced back to the early nineties, when Salomon Brothers and Fidelity designed a ‘simple’ electronic exchange network for communicating details of securities transactions between the two institutions. But although the business benefits of using Fix are well documented, European buy-side firms have been slow to adopt the protocol. By Richard Hooke
The Fix
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