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A Connection Everywhere

Traders Magazine, April 2001

Editorial Staff

Salomon Smith Barney and Fidelity Investments made financial history in the mid-90s when the two Wall Street giants linked their trading systems using a common communications protocol.

Jim Leman, celebrating his 20th year at Solly, made the landmark linkup possible. His creation of the FIX, for Financial Information eXchange, protocol swept away the multitude of brokers' proprietary terminals clogging buyside desks. FIX made it possible for buyside traders to send orders, and receive indications of interest and confirmations through a single order management system.

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