Imported from previous forum
New York, June 23, 2004- FIX Protocol Limited (FPL) is pleased to announce that they have filed their response to the recent SEC Concept Release entitled Securities Transactions Settlement. This is the first time that FPL has responded to an SEC Concept Release. The response was prepared under the leadership of the Americas Business Practices Subcommittee headed by Erick Valdes of Deutsche Asset Management and Greg Arnold of Lehman Brothers. FPL’s response supports the goals set forth in the Concept Release which include improving the speed, safety and operational efficiency of the U.S. clearance and settlement system. FPL proposes the use of the FIX Protocol to facilitate straight through processing and to reduce risk. The response is posted on both the FPL website (www.fixprotocol.org) and the SEC website (www.sec.gov).
About FIX Protocol Ltd.
FIX Protocol Ltd. is a non-profit organisation that owns the intellectual property rights of
the Financial Information eXchange protocol (FIX), which is provided free in the public
domain. FIX is a globally recognized messaging standard enabling the electronic
communication of pre-trade and trade messages between financial institutions, primarily
investment managers, broker/dealers, ECNs and stock exchanges. For more
information, see www.fixprotocol.org.
Contact
Mr. Peter Randall at: + (44) 778 654 3388 (FPL Executive Director)
Mr. Tom Jordan at: +1 (212) 652-4469 (FPL Program Office)