Deutsche Börse and OMX to jointly define exchange FIX standard

Deutsche Börse Systems, technology subsidiary of Deutsche Börse Group, and OMX are joining forces to define a ‘Harmonized Exchange Standard’ to use the Financial Information eXchange (FIX) Protocol. In addition the two parties will cooperate on network resources.

FIX is a technical specification for order and trade management messages. Deutsche Börse Systems uses the FIX protocol, in addition to its proprietary interface, to facilitate access to trading platforms and information services. OMX is considering FIX for their existing and future trading and information dissemination systems. Both exchanges recognize the considerable benefits for market participants through provision of an exchange compliant FIX interface, and invite other exchanges and market participants to contribute. Proprietary exchange interfaces will continue to play an important role, but FIX has the potential of becoming a common standard across exchanges. Discussions are currently underway to enable the jointly defined exchange FIX standard to be aligned with FIX Protocol Ltd. Deutsche Börse Systems and OMX today also announce a technology partnership where the parties will connect their global communication networks in order to increase efficiency for both groups and market participants. As leading providers of exchange technology, Deutsche Börse and OMX seek to explore cooperation with market participants and related parties wherever market efficiency can be enhanced and a contribution be made to improving industry best-practice. For more information, please contact: Niclas Lilja, VP Corporate Communications, OMX +46 (0) 8 405 63 95 Walter Allwicher and Richard Willis, Deutsche Börse +49 (0)69 2111 1500