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Needing Another FIX

Traders Magazine, September 2001

Sam Johnson

Five years ago at a conference usually associated with the backoffice, one topic was avoided like the plague. The topic was FIX, shorthand for Financial Information Exchange, the globally accepted standard for electronically communicating trade information. Today, at the same SIBOS conference hosted each year by SWIFT, the topic is centerstage. Now the vendors serve the interests of the front as well as the interests of the backoffice. (SWIFT, an industry-owned cooperative, provides secure messaging services and software to about 7,000 financial institutions in some 200 countries.)

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