FIX Global Survey

The FIX Protocol organization and the TowerGroup are pleased to release the results of the 2005 Global Survey of the Financial Information Exchange Protocol (FIX) user and provider community. The Survey has been considered an enormous success, drawing from nearly 600 firms worldwide, and provides a comprehensive perspective on the adoption and utilization of the FIX Protocol across the global capital markets industry.

The objective of the survey was to understand the current and future adoption of FIX technology and processes across four primary segments of the global market. The survey addresses the highest priority issues facing capital markets firms globally:

· Current and future leverage of FIX across all products, including Equities, Fixed Income, Foreign Exchange and Derivatives
· Views on Market Structures and Electronic Trading
· Data Management, Standards, and Processing Efficiencies
· FIX Capabilities of Market Participants and Vendors

The survey structure was segmented according to the type of firm responding, the size of the firms business and its geographic region in order to ensure the statistical integrity and significance of the results at a granular level, and to provide meaningful insights to all members of the industry worldwide.

If properly logged in, all FPL members should see a link to download the full results of the survey below. Those who responded to the survey should have already received the full results via e-mail. An executive summary of the results can also be found below and can be viewed by all. At last, the links to the word document versions for each survey are also included below.

Thank you to those who participated in the survey. Any questions you may have regarding the survey can be directed to:

FIX Protocol Ltd.
Brian Nathan
Global Education & Marketing Committee

TowerGroup
Matthew Chisholm
Sr. Consultant - Survey Manager

SURVEY RESULTS (PUBLIC)

Executive Summary of Survey Results (TowerGroup 2005 Global FPL Survey Highlights.pdf, 122KB)
See an executive summary of the 2005 Global FIX Survey.
[29 November 2005]

SURVEY VERSIONS FOR DOWNLOAD

Buy-side Institutions / Investment Management Firms / Hedge Funds Survey
[29 November 2005]
Exchanges / ECNs / ATSs / MTFs Survey
[29 November 2005]
Sell-side Institutions / Broker-Dealers Survey
[29 November 2005]
Technology Vendors Survey
[29 November 2005]