FPL eyes latency standards

NEW YORK – After delivering standards for market data compression and algorithmic strategy distribution, messaging standards body Fix Protocol Ltd. (FPL) plans to launch the Fix Inter-party Latency (FIPL) Working Group, which will begin mid-month, FPL officials said.

"This working group is about developing a method to measure latency and share that information," said Kevin Houstoun, co-chair of the FPL global technical committee and chairman of Rapid Addition. "It will work equally with Fix or

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