Brokers

Nomura

“Nomura has been involved in defining the FIXatdl standard from the beginning, and see it as the most efficient way of reducing time-to-market for new algo releases. We are delighted to be able to offer our latest global algo suite to our clients in the FIXatdl version 1.1 format, and expect the uptake of this standard to be widespread, given the implicit time and cost savings it can provide to brokers, clients and vendors alike.”
― Andrew Bowley, Executive Director, Head of Electronic Trading Product Management

Credit Suisse

“Credit Suisse is actively working with its OMS and EMS partners that support FIXatdl 1.1. We expect FIXatdl 1.1 to expedite the time-to-market of our AES algorithms globally.”
― Guy Cirillo, AES Global Channel Sales Manager

UBS

“One of the most important reasons UBS chose to be one of the original participants in FIXatdl, is because our buy-side clients will reap the benefits of innovations in algorithmic trading more quickly and seamlessly. The faster we can deploy our new strategies and advancements, the faster our clients can adapt and compete in a dynamic marketplace.”
― Tim Wildenberg, Head of Direct Execution – EMEA

Morgan Stanley

“Morgan Stanley is actively translating its global algos suite to FIXatdl Version 1.1. We are committed to streamlining our offering using FIXatdl version 1.1 to simplify delivery and minimise time-to-market for our clients.”
― Steven Pae, Global Head of Products, Morgan Stanley Electronic Trading

Barclays Capital

“Recent investment and growth in our own technology offering highlighted the need for a standardised yet versatile way to showcase our global algorithms across vendors. We expect FIXatdl will greatly improve our vendor GUI integration process and enable much faster updates to the trading community.”
― Matt Senecal, Head of Equities Connectivity, Americas

J.P. Morgan

“The use of XML for defining algorithms, their parameters and a user interface layout was proposed to FIX Protocol by J.P. Morgan in November 2005. The working group that has produced FIXatdl has done an excellent job in defining a pragmatic standard that is generating a lot of interest across the industry. This initiative will drive down costs, speed up time to market for new products and enhancements and provide our clients with greater flexibility.”
― Keith Woolterton, Global Head of Client Connectivity, J.P. Morgan

Deutsche Bank

“We have used FIXatdl to deploy Deutsche Bank’s Equity Global Algo Ticket to several OMS/EMS vendors and cleints. Using FIXatdl has increased efficiency and decreased time to market for delivering products to our clients.”
― Boris Goykhman, Vice President, Product Development, OMS/EMS

INSTINET

“INSTINET wholly supports the adoption of FIXatdl and the associated efficiencies it delivers. The reduced time to market for our products will benefit all our clients.”
― Alexandra Foster, Head of Sales, UK

Buy-side

CL&B Capital Management, LLC

“I predict that 50% of all equity algo trades, originating from a human trader, will flow through a FIXatdl interface within 24 months.”
― Rick Labs, CPA, CFA, Co-Chair FPL Algorithmic Trading Working Group, Managing Member

Vendors

Fidessa

“Fidessa fully supports the industry’s efforts to see FIXatdl implemented widely. We are well underway with a program of work to provide access to FIXatdl across the Fidessa product set which meets the needs of customers wishing to adopt this standard.”
― Simon McDowell, Managing Director – Connectivity

RealTick

“RealTick adopted FIXatdl early on, reducing deployment time for new broker algorithms from months to days. Our broker partners write and import their FIXatdl XML files into RealTick, or we provide assistance. Files are automatically validated against FIXatdl 1.1, then our online tools for review and production promotion ensure new algos are quickly and accurately deployed to traders. FIXatdl has significantly improved the release of algo innovations across our client base.”
― Stuart Breslow, CEO

thinkFolio Limited

“FIXatdl takes the OMS/EMS another step closer to commodity software. It gives back to the sell-side proper control over the dissemination and customisation of their algorithms. Buy-side clients are no longer at the mercy of the OMS release cycle and more development time can be spent on improving OMS functionality rather than supporting proprietary code.”
― Matthew York, Head of Product Delivery

ULLINK

“The release of FIXatdl v1.1 is very significant for Ullink. The majority of our clients leveraging the UL AMS , FIXatdl Algorithmic Management System, are eager to implement this standard within their organization. We are constantly working with our clients to help them implement and embrace this new standard.”
― Mo Takhim, Head of Managed Services

Cornerstone Technology

“Since its inception FIXatdl has had real potential to reduce time-to-market and slash costs across the FIX community, but to date, adoption of the standard has been slow and the business case uncertain. FIXatdl version 1.1 now provides us with a solid foundation for communicating algorithms across the market and adoption is building fast. There’s now no good reason for firms to hold back on becoming FIXatdl-compliant.”
― Steve Wilkinson, Director

Jordan & Jordan

“I’m delighted that several commercial firms have already adopted FIXatdl 1.1. Anyone responsible for the integration and deployment of algorithms will find much needed relief in this new standard.”
― Greg Malatestinic, Senior Technology Analyst

Sungard Global Trading

“We have worked with many of the major global brokers over a long period to distribute their algo suites to traders via our workstations. We recognise the significant value that the FIXatdl standard delivers for portability and maintainability, and we plan to adapt our solutions to operate with FIXatdl in the near future.”
― Charles-Henry Choel, Managing Director of Trading and Client Connectivity

Investment Technology Group

“ITG Net© has been integrating, distributing and supporting the algorithmic offerings of broker clients into our OMS and EMS since 2003. Today we manage the integration of more than 850 algorithmic strategies for 50 broker firms around the globe. Managing the development process for this volume of broker partners is challenging. By using FIXatdl files provided by our broker clients, we achieve efficiency by using a standard specification format from these brokers.”
― Brian Nathan, Managing Director

Portware

“In today’s market, buy-side firms want the widest possible choice when it comes to global trading destinations. At the same time, brokers have worked hard to provide the buy-side with a range of algorithmic strategies that can reduce trading costs and facilitate best execution. With its support for FIXatdl, Portware has reduced implementation times for new and updated broker algorithms, allowing our clients to leverage the most advanced broker strategies as soon as they become available.”
― Scott DePetris, Chief Operating Officer and Global Head of Accounts

Neonet

“Neonet provides access to leading lit and dark liquidity pools globally through one single FIX connection and was the first company to offer the FIXatdl standard when it was launched in 2007. Thanks to this standard, we can add new advanced algorithms into our trading solution faster than ever before and the development process is smoother.”
― Jonas Lantto, CTO

TradingScreen

“Since first implementing FIXadtl in 2008, we have successfully adopted this technology across all our brokers and asset classes. Today FIXatdl is the standard for the real time deployment and maintenance of all broker algorithms for equities, options, futures and foreign exchange at TradingScreen. We are proud to be at the forefront of this development and deliver this solution to our users and broker partners.”
― Patrick Egan, Head of Sales, Americas.

Rapid Addition

“Rapid Addition have been proud supporters of the FIXatdl initiative since it was first launched and has contributed free FIXatdl authoring tools to the community that kept in line with the various versions as they evolved. We believe that FIXatdl has an important role to play in the future of electronic dealing and that is why we are making our FIXatdl editor, which is already aligned to version 1.1, available for free to the community via the ElectronicDealing.com web portal and have updated our lightweight front ends to be able to fully render FIXatdl.”
― Toby Corballis, CEO, Rapid Addition Limited