Deutsche Börse and OMX are working together to develop and promote a common exchange messaging standard based on the Financial Information eXchange (FIX) protocol.
Deutsche Börse Systems, the technology subsidiary of the German exchange, says it will work with Swedish stock exchange operator to define a 'harmonsed exchange standard' which will use the FIX protocol.
The Börse already uses the FIX spec, in addition to its proprietary interface, to facilitate access to trading platforms and data systems, while OMX says it is considering implementing FIX for existing and future dealing and information dissemination systems.
FIX standard bearer FPL last month published the reference source code and supporting documentation for the Fast specification, which is designed to extend the use of the front-office messaging standard to eoncompass market data and exchange feeds.
Deutsche Börse and OMX say FIX has the potential of becoming a common standard across exchanges and have invited other market operators to contribute to the initiative.
OMX and Deutsche Börse say they have also inked a technology partnership agreement and will connect their prospective communication networks in order to increase efficiency for both groups and market participants.