FIX vs. Omgeo Debate Continues
OPERATIONS AND STP
LONDON--Trade management utility provider Omgeo has issued its strongest warning yet that the Financial Information Exchange (FIX) protocol may not provide the inexpensive service that user firms are hoping for.
Consultants and users had previously suggested that the new allocations functionality contained in FIX, version 4.4 could be used to provide an alternative service that would offer matching, allocations and settlement messages at lower costs than the Thomson Financial-DTCC joint venture
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