The site says more than three fourths of all financial exchanges surveyed support FIX in their applications, and that most major stock exchanges and investment banks use FIX for their electronictrading.
What looked to be a frightening rout was transformed suddenly and without the slightest advance warning into a huge rally as hundreds upon hundreds of gigantic buy orders, all 1 million shares or more in size, poured into electronictrading systems at Credit Suisse and several other majortrading firms.