[This message was posted by Rufus Me of Self <[EMAIL PROTECTED]> to the "FAST Protocol" discussion forum at http://fixprotocol.org/discuss/46. You can reply to it on-line at http://fixprotocol.org/discuss/read/0b9bfc4c - PLEASE DO NOT REPLY BY MAIL.]
I guess maybe I can provide a (biased?) end user perspective. FAST is complicated relative to what it is replacing. Take two examples, CME FIX/FAST and ARCA. legacy formats, RLC for CME, ITCH for ARCA, are very simple, RLC is so simple that a jr programmer can have a half decent implementation in a week. Take same jr programmer, give him/her FIX/FAST specs, they are likely have no clue where to begin. So IMHO, it is a skillset and resource commitment issue that is causing the perceived FAST "complexity". In effect, by adopting FAST, the barrier to have a system up and running, has been raised, and the non-early-adopter User Firms, are "shocked" that their existing Tech staff does not have the skillset and resources (!) to upgrade their system to FAST. Combined with economic climate, i am certain IT's request for resources are met with skepticism, with IT budget unlikely to grow in the next 12-18 months. obviously i am biased from my perspective, head of it for a broker, and now running a sys trading firm. Therefore if anything the WG can do, is to make more accessible examples, more detailed "tutorial", so that the proverbial "jr programmer", can get over some "initial understanding hump" of FAST, rather than just being completely lost. > All, > > following up on today's call; > > An important point that was raised by Jim was the fact that FAST is > already perceived as "too complex" and the added complexity that follows [You can unsubscribe from this discussion group by sending a message to mailto:[EMAIL PROTECTED] --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Financial Information eXchange" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/FIX-Protocol?hl=en -~----------~----~----~----~------~----~------~--~---
