Tuesday, 18 October 2016
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.