Can FIX fix patchy exchange outage communications?

A FIX working group is hoping to standardize the way that venues communicate with the sell side when markets fail.

​Picture the scene: paper memos litter the office; a beleaguered manager darts into a meeting room clutching fistfuls of their own hair; a restless employee is glued to a monitor in the corner, feverishly pressing refresh, desperate for good news—any news.

No, this is not a sneak preview of Zack Snyder’s next zombie film…although in their more cynical moments, sell-siders might consider pitching the pandemonium that ensues from a market outage to Hollywood. But the agonizing suspense that makes

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