FIX looks set to be the hub for global securities trading

With the development of software linking fund managers, brokers, exchanges and ECMs, Swift has ensured that the era of faxes and paper trails will soon be well and truly over

A decade ago, financial technology was simple. Fund managers phoned a broker with Buy/Sell orders and the broker went through the exchange to execute the trades.

Where trades were matched internally by some of the larger brokers, the process was paper-driven and time consuming.

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