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 »
A new smartphone from Samsung has been announced by Three in Sweden, the Samsung Galaxy Z.
more »
News Corporation has sold its ailing social networking site MySpace to online advertising firm Specific Media.
more »
Microsoft CEO Steve Ballmer promoted company‘s new cloud product Office 365at an event in New York City.
more »
Most folks do work with their hands, but what about your feet?
more »
Company Double Research & Development has developed a new input device that can sense motion and pressure of the fingers. Manipulator "amenbo" find its use in applications requiring detection of users using their hands.
more »
Thousands of pages from one of the world's biggest collections of historic books, pamphlets and periodicals are to be made available on the internet.
more »
Chinese internet giant Alibaba has announced that it is reorganizing one of its websites, Taobao, into three separate units.
more »
Mr Lockhart, who joins Facebook next month as Vice President of Global Communications, represents the company's latest move to enlist Washington insiders.
more »
Facebook is planning an IPO that could value the company at as much as $100 billion, according to CNBC sources.
more »
Audi and MIT's SENSEable City Lab have teamed up to design the car navigation system of the future - a 3D display that will sit on the dashboard.
more »