BMA Panel: Take Care with FIX for Bonds
FRONT PAGE: SPECIAL REPORT
NEW YORK--A panel of officials from user firms sounded notes of caution about the acceptance of the FIX protocol for fixed-income securities trading during a discussion of their "lessons learned from electronic trading" at a Bond Market Association (BMA) event last week.
"The advantage accrues to firms that use a common language and common processes," says Randy Sides, head of U.S. e-commerce, Barclays Capital. "FIX is a standard with flexibility, but don’t stray too far and lose the advantage of
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