Demostone Technologies Releases the First Comprehensive FAQ for Financial Information Exchange (FIX) Protocol
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.
Contact:
Public Relations
Demostone
Technologies
312-386-1190
e-mail protected from spam bots
http://www.demostone.com
“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