A NYSE Speed Bump You Weren't Aware Of
iextrading.com
iextrading.com
FIX is a text based protocol from the early 90s. The other interface is a modern, binary protocol. It sounds to me like NYSE upgraded their technology which resulted in lower latency.
Is NYSE charging more for the binary protocol? Should NYSE just cut off everyone on the old text protocol to in order to advertise one-true-interface for everyone? Is IEX trying to earn cheap publicity points by counting on people's ignorance of financial infrastructure minutia?