In this week’s episode, Chris Lees discusses the recent submission, by the FIX Trading Community, of the FIX session layer standard and the FIX tagvalue encoding standard for standardization, to the International Organization for Standardization (ISO). We take a look at what this means for firms, and whether this will have an impact on the standards moving forward.
From The FIX Trading Community website:
“The FIX Trading Community is built around clear standards and is committed to interoperability with open standards. FIX is considered the de facto global standard for electronic trading and it seemed appropriate to be considered as an ISO standard which is recognized and accepted globally. The FIX session layer and tagvalue encoding standards have served as the basis for electronic trading for 25 years. These standards have been adopted by tens of thousands of market participants and in over one hundred countries around the globe.”
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