At the recent FIX EMEA Trading Conference, discussions around market data standards brought the FIX Protocol and ISO 20022 into sharp focus. A notable concern raised by industry experts is the suitability of the ISO 20022 messaging framework for handling trading messages, particularly in the context of MiFID II transparency requirements Marc Berthoud, head of...
Month: March 2025
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Buy side, sell side clash over European equities fragmentation
Whether market fragmentation is causing a liquidity crisis in Europe depends on who you ask. Buy-side players often lament the financial and operational cost that fragmentation is bringing down on them, but the sell side is keen to dispel their concerns as myth. The debate was centre stage at this year’s FIX EMEA conference, as...
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Market must view T+1 as merely a stop on the road to real time settlement
“Do you want to evolve or do you want to go extinct,” asked one expert panellist addressing the UK and EU shift to T+1 at the FIX EMEA Trading conference. Continue reading…
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Participants keeping watchful eye on growing bilateral trading segment in 2025
Almost half of EMEA FIX Trading conference attendees said that the impacts on price formation in public markets as a result of increasing bilateral trading is their greatest regulatory focus for 2025. Continue reading…
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FIA releases findings from derivatives industry survey
The FIA released its 2025 derivatives industry survey, conducted by Crisil Coalition Greenwich, that revealed key insights into market sentiment and future trends. A majority of respondents anticipate increased trading activity in 2025, driven primarily by political instability and geopolitical conflict, rather than traditional economic fundamentals. Find out more …
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Adoption of standard FX reject code too slow – Schroders trader
Dealers have been too slow to adopt standardised codes for rejected foreign exchange trades, according to a senior buy-side trader, who also called on trading venues to help accelerate industry take-up. Continue reading here …
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EP295 added to FIX Latest (Algo Certification Enhancements)
The FIX Global Technical Committee (GTC) announces the addition of new Extension Packs to the FIX Latest specification, the normative specification of the FIX Protocol. The artifacts included for each of the individual Extension Packs are as follows: ASBUILT – clean PDF document of the implemented Gap Analysis that includes the assignment of new tags and values;...
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EP294 added to FIX Latest (Errors and Omissions)
The FIX Global Technical Committee (GTC) announces the addition of a new Extension Pack to the FIX Latest specification, the normative specification of the FIX Protocol. The artifacts included for the Extension Pack are as follows (no changetracked ASBUILT needed): ASBUILT – clean PDF document of the implemented Gap Analysis that includes the assignment of...
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