[This message was posted by FPL Program Office of FIX Protocol Ltd. <[email protected]> to the "Announcements" discussion forum at http://fixprotocol.org/discuss/30.]
As the financial services industry continues on its quest to achieve ever decreasing latency rates, one of the issues facing the community is the question of how latency can be measured and how this information can be shared between systems. As firms seek to assemble an end- to- end picture of the journey of a trade across multiple organisations and through the many systems that this entails, it is often the case that the information required is stored in different formats and compiled on a different basis from system to system. To address this issue FPL is launching the FIX Inter-party Latency (FIPL) Working Group, which will aim to develop a standard that will allow the easy assembly of this information on a consistent basis across multiple organisations so that firms can develop a better understanding of where latency hot spots exist and how they can address them. Some of the initial tasks that the group will address will include: ⢠The standardisation of latency measurement terminology and semantics. ⢠The standardisation of inter-party latency measurement interoperability services. ⢠The development of a FIPL Protocol for the interoperation of latency measurement solutions. ⢠The promotion of FIPL amongst the trading venues, financial institutions and solution vendor community. The Working Groupâs initial meeting will take place via conference call on Wednesday, January 13th at 8am ET / 1pm UK time. If you would like to participate in this group please contact the FPL Program Office by email at [email protected] to be added to the distribution list and to receive the conference call details. Initial leaders of the Working Group will be Henry Young of TS-Associates and Nicholas Morrison of Nomura. Regards FPL Program Office c/o Jordan & Jordan London: +44 (0)20 7936 9047 New York: +1 212 652 4469 [You can unsubscribe from this discussion group by sending a message to mailto:[email protected]]
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