Interbank payments network Swift is likely to be the primary beneficiary of FIX uptake by European securities firms, according to a survey conducted by London consultancy City IQ.
Published:
8 March 2003 y., Saturday
Interbank payments network Swift is likely to be the primary beneficiary of FIX uptake by European securities firms, according to a survey conducted by London consultancy City IQ.
The consultancy surveyed 500 individual from 217 organisations representing buy-side and sell-side firms across Europe. Half of the sample say they would be prepared to use FIX over the next-generation IP_based SwiftNet system, attracted by promises of higher levels of interactivity and a single window to market-wide connectivity.
Key attractions to the buy-side were the 'hub' nature of the offering and the secure network, whilst the sell-side also cited the existing Swift user base. The survey confirmed the growing status of the FIX protocol as the preferred messaging format for inter-firm communications in the capital markets. While only one-third of buy-side firms currently have a FIX capability, an additional 33% expect to adopt the protocol within the next 12 months.
Most of these new adopters are expected to move to the latest version of the protocol, presenting an upgrade challenge to the 30% of sell-side firms not yet supporting FIX version 4.2 says CityIQ.
Šaltinis:
Finextra.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Software company announced new structure_ of it_s business.
more »
Microsoft reportedly has called off a plan to mass produce its small-size Surface Mini tablet.
more »
Microsoft has built a new tool to help users of Windows 8.1 devices determine the causes of battery drain during the system's sleep mode.
more »
A new rumor has just started spreading about Microsoft's entrant into the smartwatch business.
more »
Wincor Nixdorf is promoting the new version of its PC/E Direct Marketing software and providing banks with an effective and modern marketing tool to individually address customers on ATMs, self-service terminals or digital signage screens.
more »
Hewlett Packard has launched its answer to Microsoft's Surface Pro 3 - its brand-new HP Pro x2 612. This device is the company's first commercial detachable PC.
more »
Unisys Stealth has been named the recipient of the TechAmerica Foundation American Technology Award (ATA) in cybersecurity. The ATAs represent outstanding achievement, with winning products exemplifying the “Best of” the United States technology sector.
more »
Microsoft showed off a test version of a real-time, spoken-word translation service for Skype calls, the first time the world’s largest software company has demonstrated the breakthrough technology publicly in the United States.
more »
Cortana, Microsoft's answer to Apple Siri and Google Now, was announced at the company's Build conference in April, and is set to arrive on Windows Phone 8.1 devices later this year.
more »
Google Inc plans to offer Wi-Fi network hardware and software at a discount to small and medium-sized businesses.
more »
Dell is making a line of PCs using plastics obtained by expanding its recycling program.
more »