The Financial Information eXchange (FIX) Protocol has had a fundamental impact on the way that trading is carried out today. Without FIX many of the innovations of the recent past would not have been possible, e.g.
- Changes such as MiFID (Markets in Financial Instruments Directive)
- New market places (MTFs)
- Straight-through processing (STP).
We have been a supporter of this technology since we first implemented FIX connectivity to our > GLOX trading system in 2001. We then became a member of the > FIX Trading Community (former FPL Organisation) in 2004, and have been supporting its development ever since.
We strongly believe that there is a lot more progress to be made in the way that markets operate. FIX and MACD will continue to play an important role in these changes.