Post-trade matching that exploits the Financial Information eXchange (FIX) electronic trading protocol is at the heart of a new partnership between electronic trading platform provider Fidessa group and FIX-based affirmation services vendor Alpha Omega, who are joining forces to offer “faster, low-cost bidirectional trade matching” via Fidessa’s post-trade Affirmation Management Service (AMS), says Steve Grob,… Read More >>
Could FIX Help Firms Avoid Fines for Slow Settlement?
(Editor’s Note: Using the FIX electronic trading protocol for trade affirmations could ease some of the burdens of shortened settlement cycles, and may prevent fines for European firms facing new requirements for faster settlement, says Steve Grob, director of group strategy for London-based electronic trading platform and services vendor Fidessa Group. Over the past year,… Read More >>
Fidessa Pioneers FIX-based Affirmation Service
London-based electronic trading platform and services vendor Fidessa Group is readying a launch of an affirmation management service, dubbed AMS, for the buy side that uses the FIX electronic trading standard at its core, officials say. The new offering, due by the fourth quarter of this year, is intended to provide the buy side with… Read More >>
