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FIX Plans Broader Asset Class Coverage and Move into Back-Office Trade Settlement

FIX is extending its reach with plans to broaden asset class coverage and introduce the FIX messaging protocol into back-office settlement workflows between both asset managers and custodians, and brokers and custodians. These developments are being overseen by the Global Post-Trade Working Group within the FIX Trading Community and are designed to standardise workflows and...

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Cloud Goes Higher and Higher

“The year 2016 is to the cloud as 1996 was to the internet,” according to a speaker at the New York regional event of the FIX Trading Community, held at Thomson Reuters headquarters in Times Square on October 3. The comment underlines the strongly held opinion, expressed by all key speakers at the meeting, that...

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Internationalizing China’s Trading Standards

By Jim Northey, Co-Chair Global Technical Committee and Co-Chair High Performance Working Group, FIX Trading Community, and Mao Ting, Senior Manager, China Foreign Exchange Trade System CFETS is keen to work closely with the FIX organization and ISO TC68 to improve standardization in China’s domestic market and share its experiences with the world. The China...

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Final CAT Tech Spec Released

2018 October 30th On October 30, 2018, the participants of the CAT NMS Plan (“Participants”) published the final version of the CAT Reporting Technical Specifications for Industry Members (“Technical Specifications”). This version incorporates industry feedback submitted to the Participants since publication of the Version 0.6 draft published on September 5, 2018. No further material changes to the...

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The adoption of Crypto Assets into the Institutional Mainstream

By Sean K. Ristau, Co-Chair Digital Currency/Blockchain Working Group, FIX Trading Community and Director of Exchange Integration and Education, Bcause LLC & Jim Northey, Co-Chair Global Technical Committee and Co-Chair High Performance Working Group, FIX Trading Community. Revenue generated from crypto exchanges could more than double to $4bn this year, according to a recent Sanford...

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High Performance FIX for the Web Era – White Paper

The Fintech revolution spawned by alternative payment mechanisms and the creation of cryptocurrencies and Initial Coin Offerings (“ICO”) has produced a proliferation of new web-based systems. Firms attempted to bridge the gap with REST APIs that software developers are familiar with, but a synchronous request/response architectural style is a poor fit for bidirectional communications needed...

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Reminder – FINRA Changes to FIX Trade Reporting Related to Processing of Execution Time

FINRA reminds clients that beginning Monday, August 20, 2018, a change to all FIX trade reporting related to the processing of execution time during Daylight Savings Time (DST) will go into effect. This update affects clients’ transaction reports for all FINRA Multi Product Platform products (MPP), including TRACE, the OTC Trade Reporting Facility (ORF), and...

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What to expect at the FIX Nordic Trading Briefing

The 9th FIX Trading Community Nordic Trading Briefing is just around the corner and this year’s conference promises to live up to the event’s reputation for stimulating and informative discussion, with a Nordic twist.   MiFID II is on everyone’s minds and we’ll be looking at what market participants need to know to thrive in...

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Navigating low-latency trading technology in India

India has taken a big step forward in widening its low-latency trading community. The Securities and Exchange Board of India (SEBI) in March announced regulatory changes designed to let more firms trade via shared managed colocation services. The move, SEBI said, would benefit small- and medium-sized firms that may have been prohibited from such trading...