Demostone Technologies released a comprehensive FAQ for Financial Information Exchange (FIX) Protocol, to help developers who are implementing new FIX solutions and migrating from existing FIX implementations. FIX Protocol, a global standard for exchanging financial information, is widely adopted in the financial industry.
Chicago, IL (PRWEB via PR Web
Direct) May 19, 2005 -- FIX is an open standard steered by the “FIX
Protocol, Limited.” This leading standard is used to easily automate and
communicate electronic trade messages between Broker/Dealers, Institutional
Investors, Exchanges and Clearing companies.
In the last decade, FIX played a major role in the electronic trade life cycle. Over the last few years many inter company electronic trade communications were migrated to FIX. Lately, financial companies are migrating from several internal proprietary implementations to FIX based solutions.
Developers implementing FIX across the globe are often limited to the specifications published by the standards committee. As a result, the developer community is often confronted with the same challenges of interpreting certain intricacies of the specification. By providing a comprehensive FAQ, Demostone Technologies is helping the FIX developer community learn from the inferences of other developers.
“Exchanges are going electronic. And buy side firms are seeking consolidated solutions that provide multi asset trading, cross border trading from a single front-office,” said Dr. Jaya Reddy, managing principal for Demostone Technologies. “This and other emerging challenges can easily be accomplished by driving the internal implementations towards an open standard.”
For additional information on the FAQ visit http://www.demostone.com/faq-pro. The FAQ is searchable and developers can add comments and changes to existing FAQ or submit new questions for inclusion.
About Demostone Technologies:
Demostone Technologies is a boutique financial services company based out of Chicago. The primary focus is on implementing and maintaining platform agnostic and vendor agnostic FIX implementations.
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“FIX” and “Financial Information Exchange” are trademarks of the FIX Protocol, Limited.
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Source : http://www.prweb.com/releases/2005/5/prweb242783.htm