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re: FIXML where does one start
John Greenan / Alignment Systems
17 Sep 2003 3:29AM ET Chris,
While Chris Lambert is right in - there will be a FIX / 15022 "universal" set of message specs - one day, it has to be said - which day that will be is open to question. It's certainly some way off, so while FIX / 15022 will be an all singing, all dancing specification, I would suggest that just to "keep your eyes on the prize" you investigate FIXML 4.3 as a way to get started right now.
With regard to other standards beyond FIX I suggest that this depends on the business requirements. For "straight" cash equity front office business then FIX is great, and a lot of people are adopting FIX for fixed income, f/x and other instruments. If you are involved with derivatives in a big way then FpML is something to look at.
If you are more involved in mid/back office then there is a growing amount of FIX coverage with allocations and so on.
Get in touch off-line if you'd like to talk some more on this.
John
> On day there'll be ISO XML - the result of the effort to converge FIX & ISO 15022 onto a single internally-consistent set of messages - complete with UML-style documentation.
>
> The working docs are at
> http://www.fixprotocol.org/cgi-bin/Workgroup.cgi?id=994459967&menu=994459967).
>
> But it's not complete or signed-off just yet!
>
> > My company is just getting started and I was wondering which FIXML standard should I start with and where can I get the documentation standards for each release? Are there any other standards that I should look at besides FIXML?
> >
> > We as a company want to keep things as simple as possible to start.
> >
> > Thanks in advance
> >
>
re: FIXML where does one start
John Greenan / Alignment Systems 17 Sep 2003 3:29AM ET
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