National Stock Exchange and Bombay Stock exchange are FIX (Financial Information Exchange) protocol compliant. NSE is live with FIX 4.2 whereas BSE is live with FIX 5.0. FIX 4.2 is the widely used version of protocol. FIX 5.0 is the latest version.
It would be interesting to see
1. How long it will take for broker community to migrate from native protocol to FIX protocol ?
2. How it will benefit each exchange to attract liquidity ?
3. How FIIs will be able to take advantage of FIX for DMA and DMA Algo flows ?
Friday, May 28, 2010
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