FIX Protocol Limited (FPL) Moves Forward with Restructuring; Jordan & Jordan Selected to Initiate Implementation

New York, NY – As part of its restructuring initiative, FPL has approved an implementation process that will expand both services and membership offered by the organization. The restructuring seeks to address the changing needs of the FIX community as the protocol expands across instruments and markets at different rates of development. As Alan Line, of the FIX European Steering Committee stated, "The strength of FPL is the commitment of its membership. Through these efforts FPL will further its mission of supporting the development and adoption of FIX to meet the industry's pre-trade though pre-settlement needs."

During the planning phase of the restructuring process, members stressed the need for dedicated resources to supplement and support volunteer activities. FPL has chosen Jordan & Jordan, a financial services consultancy, to provide this level of assistance in support of the required implementation activities. As Michael O'Conor, co-chair of the FIX U.S. Steering Committee indicated, "Jordan & Jordan was chosen based on their industry involvement and program management competency. As FPL grows, we want to offer a high level of service to all members."

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