Bloomberg STP Solutions, the post-trade arm of the market data and news giant, reports that it is joining forces with Traiana, a vendor of pre- and post-trade solutions, to automate many of the now-manual processes that form the workflow of foreign exchange (FX) options. Essentially, the solution to come will link Traiana’s Harmony messaging network… Read More >>
Sell Side Adapts to FIX for Confirmations, Affirmations
It appears that sell-side firms are becoming more comfortable with the extension of the Financial Information eXchange (FIX) electronic trading protocol for post-trade purposes as 75 percent of broker/dealer respondents in a new survey say they use FIX for confirmation/affirmation workflows. The FIX Trading Community, the standards body for the protocol, conducted the Global Post-Trade Survey… Read More >>
