FPL Press Release: FPL Announces FIX Algorithmic Trading Definition Language Enters Beta Phase

Slides here

The gist is that if you have a GUI to exec trades @ VWAP, Implementation Shortfall, TWAP, Custom Algo X, Y and Z - these may all have different parameters. In fact - the spec goes as far as detailing parameters, validation and GUI controls. Interesting

Now - when we need to add new algos to a trading GUI - if we render our UIs based on the spec - there will be no new work - just point to the new XML data - and we have new UIs that send the correct data to the execution endpoint - sounds good - lets see when it is ready to go.

-Chris

No Responses to “FIX Algorithmic Trading Definition Language”

1. rlabs, on July 30th, 2007 at 9:11 pm, said:
   

   Thanks for the pick up on the release. Just wanted to remind coders you can get full access to the .xsd and .xml sample files along with a simple xslt example using Excel.

   You have to register but its free and all it requires is name, email and firm.
   http://www.fixprotocol.org/register

   Log in and then go to:
   http://www.fixprotocol.org/working_groups/algowg/documents

   Where you will find all the goodies, including PowerPoint slides and full audio of the recent press conference. You can also get a full set of sample xml files and see which firms are backing this thing.

   Rick

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