Over the next several months, the capabilities of the Financial Information Exchange (FIX) protocol will expand beyond its current equity, single-order use to other areas of investment management firms, such as fixed income and program trading. Additionally, the geographic reach of FIX will rapidly extend beyond its US-dominated participants, allowing the buy side more efficient access to the global markets. Several enablers and obstacles to implementing FIX in these new areas will determine the level of the protocol's success beyond its current equity focus.