As the speed and complexity of automation rises, market participants have a duty to ensure that they pursue and maintain best practices. Most professions have a set of ethics that guide behaviour – think of the Hippocratic Oath for doctors. In the absence of similar guidelines for our occupations in the hectic world of electronic...
Month: May 2017
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Fixed-Income Trading Operations Catch Up – Intelligent Trading Technology article
Fixed-income trading operations may be as much as 15 years behind equities trading operations, but they are catching up quickly, according to executives in the field who spoke at the FIX Trading Community’s Americas Trading Briefing in New York on April 26. “All the advancements in technology, the transfer of information and the execution of...
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FIX Orchestra – Best Execution article
Anyone that has worked with the FIX Protocol will appreciate that, whilst it is a technical protocol, the human interaction in configuration, testing and certification of a FIX connection is absolutely vital. The protocol itself was borne out of a business need over 20 years ago by traders and technologists with an explicit requirement to...
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Industry Looks to Formalize FIX Ecosystem – Markets Media article
The English prose specifications published by the FIX Trading Community for its engine are being translated into mathematically precise language in order to encourage the industry to formalize the rules and algorithms that run increasingly complex financial markets. The FIX family of standards is run by the non-profit FIX Trading Community, whose members represent all...