Making a Case for Automated FIX Certification?

Manual certification of FIX connections is no longer an option as exchanges are phasing in automated processes to improve testing ahead of new regulatory guidelines.

Manual certification of FIX connections is no longer an option as exchanges are phasing in automated processes to improve testing ahead of new regulatory guidelines.

Candyce Edelen from AdvancedTrading: On October 5, 2012, a broker trading on India’s National Stock Exchange placed 59 erroneous orders, triggering a flash crash that wiped nearly 60 billion dollars from the value of some of that country’s largest public companies. It happened just 2 short months after another trading glitch cost Knight Capital to lose $440 million in just 45 minutes. These are just two in a series of trading incidents that have damaged the markets over the past two years.

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One Response to Making a Case for Automated FIX Certification?

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