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FIX Protocol Org Names Executive Director

FIX Protocol Ltd, a non-profit organization that owns the intellectual-property rights of the Financial Information eXchange protocol, has named Peter Randall the organization's first executive director.

FIX Protocol Ltd, a non-profit organization that owns the intellectual-property rights of the Financial Information eXchange protocol, has named Peter Randall the organization's first executive director. Because the organization has grown to upwards of 80 volunteer members, the group acknowledged that its complexity made it difficult to run solely on a volunteer basis. As a result, it decided to hire a director, Randall says.

Since 1997, Randall has offered strategic-consulting services, often solving issues regarding connectivity through his consultancy Peter Randall & Associates. Prior to that, he served as chief executive officer of Instinet Pacific, Instinet Hong Kong and Instinet Japan.

Randall says his main challenges will be organizing a volunteer group during a tough economy. He says he is proud of the group's growth and accomplishments thus far. "The members are volunteers, so to get a volunteer organization to do what it has over the last few years, especially in this economic condition, is a challenge."

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