Trayport Limited, a leading provider of multi-asset class electronic trading solutions, today announced its Exchange Systems Business has joined FIX Protocol Limited (FPL).
By joining FIX Protocol Limited the Trayport Exchange Systems Business is able to work collaboratively with FPL in defining and supporting the extension of FIX messaging across the broader derivatives asset class. Over the past two years Trayport's standard equity based FIX 4.4 gateway has been deployed across its equity exchange clients. However, an increase in the need to cater for all exchange clients has become increasingly apparent and Trayport is now looking to extend its FIX capability.
The Financial Information Exchange Protocol (FIX) is an open specification intended to streamline electronic communications in the financial securities industry. FIX supports multiple formats and types of communications between many financial entities including trade allocation, order submissions, order changes and execution reporting.
Adrienne Quinn, Head of Exchange Systems at Trayport said: "We recognise the importance of being able to offer all of our exchange client's first-rate connectivity and by joining FPL we are strengthening our ongoing commitment to continue the development and success of our FIX 4.4 gateway."
Trayport's Exchange Systems Business is already working closely with its exchange clients and ISV's to implement a new version of the FIX 4.4 gateway by Q3 this year.