Electronic trading by banks and other financial institutions with counterparties has moved forward in leaps and bounds, but never really fulfilled the goal of optimal efficiency.
Transformation and upgrades are now commonplace in the electronic trading arena, and as the SWIFTNet FIX service demonstrates, riding an evolving trend of centralized technology solutions.
SWIFTNet FIX, one of SWIFT's newest messaging services, carries Financial Information eXchange FIX messaging. FIX has a history that goes back 10 years, with the development of FIX initiated by industry participants driven by the business need to reduce costs, avoid errors and increase the efficiency of communication between the buy...
