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FPL Press Release: FIX 5.0 Wins Award for Best Utility Technology
FPL Program Office / FIX Protocol Ltd. <>
4 Oct 2007 11:29AM ETOctober 4th, 2007 – FIX Protocol Limited (FPL) is proud to announce that FIX 5.0, the latest version of the FIX Protocol, recently won the award for ‘Best Utility Technology’ at the Operations Management 6th Annual Awards for Excellence event held in New York in late September.
Developed in response to the evolving needs of the industry, FIX 5.0 was officially released in production ready format in January 2007 significantly extending the support provided by earlier versions of the protocol. FIX 5.0 provides advanced functionality for a range of trading needs including greater functionality within the Foreign Exchange and Derivatives space, improvements within the post-trade area, regulatory support for upcoming initiatives and greater functionality for Algorithmic trading. Additionally, FIX 5.0 includes a Transport Independence Framework which enables firms to benefit from the enhancements delivered within later versions of the protocol without a complete version upgrade, delivering significant cost and resource savings for the user community.
Courtney Doyle, FPL’s Operations Director, attended the ceremony and accepted the award on behalf of the Global Technical Committee Co-Chairs - Kevin Houstoun of HSBC and Matt Simpson of the CME Group. Commenting on this announcement she stated “This award celebrates the many benefits that FIX 5.0 delivers to the market, and recognises the significant amount of time and effort contributed by the volunteer members of the FPL Global Technical Committee, without their support the delivery of this version of the protocol would not have been possible.”
If you would like to find out more about FIX 5.0 please visit www.fixprotocol.org/specifications and to find out more about Operations Management please visit www.operationsmanagement.com
About FIX Protocol Ltd
FIX Protocol Ltd is a non-profit organisation that owns the intellectual property rights of the Financial Information eXchange Protocol (FIX), which is available free of charge from the FPL website, subject to FPL’s copyright and acceptable use policy. FIX is a globally-recognised messaging standard enabling the electronic communication of pre-trade and trade messages between financial institutions, primarily investment managers, broker-dealers, ECNs and exchanges. For more information, see www.fixprotocol.org.
Contact
Daniella Baker, FPL Marketing and Communications Manager, Daniella.Baker@fixprotocol.org, +44 (0)20 7936 9334
FPL Program Office, FPL@fixprotocol.org, + 1 (212) 652 4469
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