Skip to content

Tag Archives: ATS

Trading platform transparency

Tuesday, March 31, 2009

There are many alternative trading systems (ATS) in the fixed income markets… they have slightly different price discovery, quotation and trade reporting structures… think of them as “liquidity pools”… I’ve always thought the important thing for market transparency and fairness is that all investors have access to all bids and offers on an ATS (think of [...]

Filed in Launching..., Liquidity, Open engines, Pricing, Trading, Transparency | Also tagged , , , , | Comments (0)

continue to improve the specification process to ensure that FPL meets its goal of delivering appropriate messaging standard solutions for the rapidly changing financial markets

Monday, March 2, 2009

FIX Protocol Ltd (FPL) is proud to announce that the first draft of the Financial Information eXchange (FIX) Protocol version 5.0 Service Pack 2 is now available for public download and comment from the FPL website at http://www.fixprotocol.org/fix5.0sp2drafts. FIX 5.0 Service Pack 2 includes 19 Extension Packs, each of which enhances the current functionality delivered [...]

Filed in Creativity, Launching..., Open engines, Pricing, Trading, Transparency | Also tagged , , | Comments (0)

Opacity crisis…

Saturday, October 11, 2008

“The wise man bridges the gap by laying out the path by means of which he can get from where he is to where he wants to go.”  + + John Pierpont Morgan + + I’m giving a talk in Washington this week entitled… “U.S. Bond Market Basics & Recent Events“… timely… I’ve been developing [...]

Filed in Liquidity, Pricing, Regulatory, Restructuring, Trading | Also tagged , , , , , , , , , , , , , , , , , , | Comments (2)

Buy side automation…

Thursday, September 11, 2008

I always believed that FIX, the standard for electronic trading of securities, had the flexibility and power to reorder the fixed income markets. I’ve thought that FIX had the capacity to unify and standardize markets that were entirely dominated by the dealers… Well… you believe and believe… and faith does sustain one… but real signals of [...]

Filed in Liquidity | Also tagged , , , , | Comments (0)