FPL Targets Q4 Release for Latency Protocol

Henry Young, FIX Inter-Party Latency Working Group

The new standard, which will eventually be called FIX Inter-Party Latency (FIPL) protocol will let different latency monitoring applications at different locations exchange precisely timed messages and provide objective latency measurements between parties, according to Henry Young, co-chair of the FIX Inter-Party Latency working group at the FPL.

The new protocol will work out-of-band with a FIX message flow and observe unique characteristics of each FIX message as well as providing a precise

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