Industry aims to Fix patchy exchange outage comms
A Fix working group is hoping to standardise the way that venues communicate with the sell side when tech glitches strike
The body that runs the Fix messaging protocol has formed a working group to design a common framework for reporting outages in venues such as exchanges. The group aims to design a standard set of messages to enable venues to update their clients on the status of a market in the event of an outage, with the work set for completion by the end of this year.
“We’re hoping that this Fix work will help speed up the process [of getting] the information out, but also to help decode the message in a
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