Preparing for T+1
Traders Magazine, September 2001
Under pressure to automate from regu lators, brokers and management, buyside desks are increasingly turning to their brokers for help. At CAPIS, a Dallas-based agency brokerage, Jim Morrow, first vice president of electronic trading, and his three-person staff spend much of their time guiding the firm's institutional clients through the maze of issues surrounding electronic connectivity. That boils down to the transmission of orders, indications, reports, as well as allocations between sellside and buyside order management systems in the FIX protocol.
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