The Global Foreign Exchange Committee of FIX Protocol Limited says it is set to launch its Foreign Exchange White Paper, outlining how FIX users may implement protocol specifications for foreign exchange trading.
The whitepaper is the first of a series of documents deigned to provide information about ways in which FIX can be used in foreign exchange trading including a number of major connectivity options such as point-to-point connections, the Internet, virtual private networks.
“The financial services industry has benefited significantly from the mass adoption of the FIX Protocol for equities,” says Jack Lemonik, co-chair of the FPL Global Foreign Exchange Education & Marketing Subcommittee. “The Global Foreign Exchange Committee is putting in place the building blocks needed to leverage FIX and enable organizations to adopt FIX for foreign exchange trading. The Foreign Exchange White Paper is a wonderful resource for these organizations, explaining in plain English how this may be achieved.”