HSBC to Deploy Global FIX Engine
FRONT PAGE: FIX TRADING TECHNOLOGIES
NEW YORK—HSBC is moving toward a global FIX protocol engine that will serve as a key link to the firm's ambitious plans for a cross-asset class trading infrastructure, officials tell DWT.
The firm hopes to implement a global FIX engine for use with multiple products within the firm during the first half of next year, says James T. Leman, the New York-based managing director, head of Americas Execution Trading, HSBC Securities (USA). "So, we pulled together people from fixed income, derivatives
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