The National Association of Securities Dealers (Nasd) has added a Financial Information Exchange (FIX) translation service to its Alternative Display Facility (ADF).
The quote display and trade reporting system, which was launched in July 2002, is now certified for quoting and order reporting using all FIX versions, including 4.0 through 4.3, and Nasd says a trade-reporting feature will also be added soon.
Steven Joachim, senior vice president, market operations and information services, Nasd says: "NASD has had requests from the industry for a FIX capability, and we are now happy to have one available."
The FIX translation exchange was developed by IBSN, a provider of integrated order-routing solutions.