Re: FIXimate download link missing
John Harris / BondMart Technologies, Inc.
13 Dec 2011 1:53PM ET
To the extent your explanation represents the actual reasoning of the Global Steering Committee, Hanno, the reasoning is terrible and leads only to counterproductive - and destructive - results.
Aside from the sheer pettiness of withholding tools "that can reduce effort for the user," actions by FPL members that delay, frustrate, impede, or otherwise raise the cost of establishing and maintaining FIX communications are tantamount to cutting off their noses to spite their faces.
How much revenue do trading firms lose, or how much higher are their operating costs, if they delay by even a month the initiation of FIX order flow from a systematic trading firm?
This kind of membership-sales stunt could only be perpetrated by people unfamiliar with Bastiat's Parable of the Broken Window, or the lessons he conveys in the parable. They are people who see only one side of an equation, or who misunderstand network effects.
As long as we're on the subject, are we still withholding specs in Word format from the unwashed masses? What a joke. But this joke is on the member firms.
> > FIXimate is very good tool, its a bit of a shame though to make this available to FPL members alone, sounds contrary to the usual "FIX spirit" of the website.
> FIX is and will remain a free protocol but this does not necessarily apply to all the tools developed by FPL that can reduce effort for the user. This is funded by FPL members who are entitled to know why they should pay membership fees. FPL does not work on the basis of money being donated. There are only a few hundred FPL members compared to the tens of thousands of FIX users out there around the world. The limited funds have allowed FPL to provide great tools such as FIXimate, the FIX Repository, FIXML Schema and FIXwiki. Some of the tools were originally developed by FPL members and then donated to FPL. FPL could do much more in this area if more than a fraction of FIX users were also members. Model driven application development is a key area where you can save a lot of effort (=money) through the use of repositories and tools. It only seems fair to give some of these savings back to FPL in the form of membership fees.
> Thanks for listening,