At a recent conference
the subject of FIX Orchestra was front and centre. I described FIX Orchestra as
"the full-stop at the end of FIX" .
What does that mean?
Orchestra will remove on-boarding testing. It will empower firms to change their
internal systems and then automatically allow Counterparties to trade using new
features. Sell-side changes the parameters on an Algo or adds a new Algo. No
problem, publish the new configuration via Orchestra and you're good to start
trading as soon as your counterparty has loaded the Orchestra file.
