Post

Post Post-Trade Confirmation Payments

The post trade working group has recently worked to address the heavily manual and fragmented process for periodic payments and cash flow operations management.  Through a collaborative effort with industry participants working  group members produced recommended practices and submitted extensions to the FIX Protocol.  Please click here to view the recommended practices and here to...

Post

MOST (Monitoring, On-boarding and Software Testing) Working Group

MOST working group will focus on developing recommended practices for monitoring, on-boarding and software testing of FIX related financial applications, as well as, develop technical guidelines to measure quality and reliability of platforms. The group seeks specialists primarily involved in technology with skills in software development, monitoring, onboarding and testing. Additionally, the group will collaborate...

Post

A FIX to the Post-Trade World

A FIX to the Post-Trade World Traders Magazine Online News, August 9, 2019 Tom Jordan At the FIX Trading Community event in Chicago on July 25, 2019 hosted by Itiviti at The Library at 190 South LaSalle, a panel of five professionals from a large asset management firm, a large bank and technology providers were...

Post

FIX Sets Standard For Periodic Payments

Some firms have already started working towards the new FIX Trading Community standard for periodic payments which aims to increase efficiency and reduce errors. Laurence Jones, co-chair of FIX Trading Community’s global post-trade working group and director, post-trade strategy at Traiana, part of CME Group, told Markets Media that the non-profit, industry-driven body was originally...

Post

Consolidated Tape Working Group

The EU and ESMA are keen on pursuing the creation of a consolidated tape.  ESMA has produced a consultation document which poses a number of questions around the provision of a consolidated tape and the technical standards that could be adopted. The first task for this working group will be to formulate a response to...

Post

Concepts-Part2-Workflow-and-Scenarios

Orchestra Concepts Part 2: Workflow and Scenarios In addition to message structures, an Orchestra file can also convey the workflow, or expected message exchange behaviors of a service offering. Scenarios are the key to Orchestra’s power. Overview A session in FIX or other financial industry protocol involves an exchange of application messages of various types...

Post

Concepts-Part3-Conditional-Expressions

Orchestra Concepts Part 3: Conditional Expressions Conditional expressions tell when something should happen or when a rule applies. Orchestra provides a language called Score to form expressions that machines can read and evaluate. Overview Rules of engagement between counterparties often depend on the values in a message or external state information. One use case is...

Post

Hands-on-Part1-Accessing-Message-Structures

Orchestra Hands-on Tutorial Part 1: Accessing Message Structures An Orchestra file contains message definitions and workflows. When you receive an Orchestra file from a trading counterparty, how do you access it programmatically to discover its elements? An Orchestra file is encoded in XML and must conform to the schema published in GitHub project FIXTradingCommunity/fix-orchestra. There...

Post

Concepts-Part1-MessageStructures

Orchestra Concepts Part 1: Message Structures An Orchestra file contains message definitions and their building blocks, one of the aspects of rules of engagement between counterparties. Overview Orchestra is not a communication protocol in the ususal sense, nor is it an intermediary for messages on the wire. Rather, it describes message structures and behaviors of...

Post

Orchestra-FAQ

Use Cases How should you manage multiple rules of engagement using Orchestra? Q. For instance, how do you use Orchestra to represent multiple order routing destinations? An order routing hub is responsible for translating incoming messages into the FIX format accepted by each destination broker or market. A. To simplifiy the problem, each Orchestra file...