Euro market ushers in next-generation trading platforms

In the past, trading floors had literally hundreds of traders, each tracking one or two - maybe even three - instruments. They barked into phones and checked prices scrolling across a 'marquee' light board on the wall. These were the days of phone turrets where power traders had 20 or 30 phone lines wired into their desks. But during the early 90s, the establishment of the FIX protocol to electronically convey orders and acknowledgements unleashed a new category of products around order