[This message was posted by Jim Northey of The LaSalle Technology Group <[email protected]> to the "FIXML" discussion forum at http://fixprotocol.org/discuss/7. You can reply to it on-line at http://fixprotocol.org/discuss/read/555668f0 - PLEASE DO NOT REPLY BY MAIL.]
Rich there are no costs involved in using FIXML. We do have some recommendations on how to extend FIXML available on the FIX website. FPL is involved in the ISO 20022 process which is a multiyear effort to reverse FIX into the ISO 20022 repository. FIX is the protocol for pre-trade/trade for equities, fixed income, listed derivatives within ISO 20022. FIX is also becoming an alternative syntax for post trade processing. Most of this work is being done now - so I am not sure I would put it on any project's critical path. Know that FPL is fully committed to this process of reverse engineering and participating in ISO 20022 to improve processing automation and to work toward convergence. Unfortunately we have been lax as a community in creating best practices guides. > My firm (Institutional Investor) is relatively new to messaging. We are > in the process of implementing an ESB/SOA architecture and engaging many > 3rd-party service providers (with whom we will employ messaging to > communicate). Our initial analysis indicates that the FIXML spec would > be a very good place to start in defining our internal canonical model). > We have some very high-level questions that hopefully someone can answer > very quickly. These are: > > Are there any costs associated with using FIXML? Are there best > practices for extending the FIXML spec for internal use? Do any > published mappings exist for FIXML->SWIFT (or other industry standards)? > Any tips/pointers/things to do/things NOT to do? > > Thank you in advance for any information you can provide ! [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]. For more options, visit this group at http://groups.google.com/group/fix-protocol?hl=.
