FIX is a technical specification for order and trade management messages. Deutsche Börse Systems uses the FIX protocol, in addition to its proprietary interface, to facilitate access to trading platforms and information services. OMX is considering FIX for their existing and future trading and information dissemination systems. Both exchanges recognize the considerable benefits for market participants through provision of an exchange compliant FIX interface, and invite other exchanges and market participants to contribute. Proprietary exchange interfaces will continue to play an important role, but FIX has the potential of becoming a common standard across exchanges. Discussions are currently underway to enable the jointly defined exchange FIX standard to be aligned with FIX Protocol Ltd.
Deutsche Börse Systems and OMX today also announce a technology partnership where the parties will connect their global communication networks in order to increase efficiency for both groups and market participants.
As leading providers of exchange technology, Deutsche Börse and OMX seek to explore cooperation with market participants and related parties wherever market efficiency can be enhanced and a contribution be made to improving industry best-practice.
