Trading technology provider Portware has announced that it now fully supports FIX’s Algorithmic Trading Definition Language (FIXatdl), which allows brokers to specify electronically how their algorithms should be rendered and validated on third-party trading systems.
FIXatdl is based on the FIX financial messaging standard developed by FIX Protocol. Portware’s support of the new language allows the firm to integrate broker algorithms into its Enterprise trading platform more quickly, giving clients faster access to new strategies as they become available.
Rick Labs, member of the FIX technical work group behind FIXatdl, said: “Our work group members were universally impressed with the high quality of Portware’s input throughout the FIXatdl development process.”
“We have always worked closely with our broker partners to ensure that clients have access to the latest and most advanced algorithmic strategies,” added Ary Khatchikian, president and chief technology officer of Portware. “Portware’s support for FIXatdl underscores our commitment to provide the highest levels of customer support worldwide.”