FIX issues guidelines for electronic trading of bonds

FIX Protocol has outlined guidelines and best practices for electronic bond trading. The standards address matters including how traded securities are identified and how data, prices and quotes are presented. FIX has zeroed in on cash markets for corporate, government and high-yield bonds. "This market has witnessed massive change and, as it becomes increasingly electronic, the protocol is necessary," said Sassan Danesh of FIX.

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