FPL Press Release_ FPL Leadership Meet to Set Future Strategy

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FPL Press Release_ FPL Leadership Meet to Set Future Strategy Powered By Docstoc
					                       FPL Leadership Meet To Set Future Strategy

August 8th 2007 – The FIX Protocol Ltd. (FPL) Global Steering Committee met at Credit
Suisse’s Canary Wharf headquarters in London on Thursday, July 12th to develop its strategy
to ensure that the organisation continues to respond effectively to global changes in market
structure, regulation and technology. The meeting provided an opportunity for its elected
leaders to represent the views of the industry and ensure that the FIX Protocol is continually
developed, managed and promoted in an efficient manner for the global financial services

The strategy meeting was attended by leaders from the Americas, EMEA (Europe, Middle
East, and Africa), Asia Pacific and Japanese regions, including the organisation’s Global
Steering Committee Co-Chairs, Richard Balarkas, Managing Director, Head of Advanced
Execution Services Sales, Credit Suisse and Scott Atwell, Manager of FIX Trading and
Connectivity, American Century Investments. Additionally, there was representation from
FPL’s product committees, which focus on meeting the evolving needs of the Derivatives,
Fixed Income and Foreign Exchange asset classes, as well as the leadership of the Global
Education and Marketing and Global Technical Committees. For a full list of members from
the FPL Global Steering Committee please visit

The key topics discussed during the session included, but were not limited to:
• gaining traction in and awareness of the adoption of FIX across the asset classes
• increasing the understanding of FIX usage across the globe
• helping the industry realise the benefits that all the work on the development of the
   protocol was intended to achieve.

Each of these and a number of other items were discussed and a clear action plan was put
in place for each, which the organisation will follow throughout the remainder of 2007 and
into 2008. In coming months, the FPL community can look forward to reaping the benefits of
this meeting as the organisation starts to implement initial plans, which include:
• conducting an economic study highlighting the value of FIX adoption
• gathering FIX usage statistics and case studies to increase awareness of FIX utilisation
• raising the status of the FPL Exchanges and ECNs Working Group to that of a global
     FPL committee
• increasing technology-focused resources for FPL.

The FPL community should direct any specific questions about the meeting to the FPL
Program Office at or + 1 212 652 4469.

About FIX Protocol Ltd
FIX Protocol Ltd is a non-profit organisation that owns the intellectual property rights of the
Financial Information eXchange Protocol (FIX), which is available free of charge from the
FPL website, subject to FPL’s copyright and acceptable use policy. FIX is a globally
recognised messaging standard enabling the electronic communication of pre-trade and
trade messages between financial institutions, primarily investment managers,
broker/dealers, ECNs and exchanges. For more information, see

Daniella Baker, FPL Marketing and Communications Manager,, +44 (0)20 7936 9334

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