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What Do You Do When Computers Don't Speak? FIX Is the Answer for Buy-Side and Sell-Side Trading D

Traders Magazine, October 1998

Monica Simms

A standard computer format embedded in order-routing, pre-trade indications and other dealer programs is solving a vexing problem, initially triggered by the upsurge in U.S. equity transaction volume.

Facing expensive bottlenecks in the early 1990s, trading desks scrambled to more fully automate the order-flow process, as increasing volume exceeded the capacity of human traders to handle the business efficiently.

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