A number of major banks have formed a working group to campaign for using the Financial Information Exchange protocol for fixed-income derivatives and cash trading. The group—made up of Bank of America Merrill Lynch, Barclays Capital, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase, Morgan Stanley, Royal Bank of Scotland, Société Générale and UBS—aims to lower the cost of linking with trading venues by eliminating customized interfaces.

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