Fix Protocol has issued a white paper on foreign exchange, after a 2005 survey by TowerGroup predicted a sharp increase in its use among market participants. TowerGroup found that 15% of sell-side firms and 25% of the buy side they surveyed were already using Fix version 4.4 for FX trading; this is expected to rise to 40% and 60%, respectively, by 2008.
Lee Oliver,
July 27, 2006