Fix focuses on foreign exchange

NEW YORK – Fix Protocol Limited (FPL), the organisation that oversees the development of the Financial Information Exchange (FIX) standard, formed a working group to develop the standard for foreign exchange trading last week.

Though Fix has included coverage for FX trading since 2000, adoption has been limited, FPL officials said. The creation of the group comes with growing demand to use Fix for FX, despite difficulties in applying the standard, said Scott Atwell, co-chair of the Fix global ste