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All is not lost, though, as panelists at the FIX Trading Community’s Americas Trading Briefing say wider adoption of the standard in the middle- and back-offices can yield major benefits.
By now, most financial services firms are fairly familiar with the Financial Information eXchange (FIX) electronic trading protocol for front-office concerns like trade execution. But, thus far, the messaging standard has failed to catch on in the back office even though there is growing evidence that extending the protocol makes sense. The incumbent protocol needs...
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