22 December, 2025 (London): The FIX Trading Community, the industry association that manages the world’s trading language, the FIX Protocol, is seeking industry feedback on its suggested changes to the way institutions perform securities lending. FIX has published a gap analysis and recommended practices and is asking industry participants to provide their views by 31...
Month: December 2025
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FIX targets ‘machine-usable’ execution tags for AI agents
Buy side traders say they can spend months deciphering broker-specific FIX tags before they can even think of using AI tools for TCA, research and trading. FIX is now pushing for machine-usable execution metadata. The AI working group is working on building up the standards from the buy-side-mandated, algo-specific flags trio: tags 29, 30 and...
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Outlook 2026: Jim Kaye, FIX Trading Community
What was the highlight of 2025? FIX was, as always, busy on many fronts around the world in 2025, but one area that brought a long-term piece of work to fruition was the publication of our recommended practices for the European Consolidated Tape. The new recommended practices were the result of years of work with...
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Bond market axes struggle in electronified markets, ICMA finds
ICMA and the FIX Trading Community have issued a white paper examining issues with market axes in an increasingly electronic bond market, warning that both the buy- and sell-side need to be confident in the security and accuracy of their communications. “Translating this age-old process into the new world of electronic trading is proving more...
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EP300 added to FIX Latest (EU CT for Bonds and Equities)
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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Pirum joins FIX Trading Community
Pirum has joined the FIX Trading Community. The global fintech has become a member of the FIX Trading Community, in a move it says will help foster increased collaboration towards open industry-wide standards, to contribute directly to standards development, and to drive efficiency and better client outcomes for industry participants across the world. Continue Reading…
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FIX Trading Community recommends data practices for European CTs
The industry association has published practices and workflows using FIX messaging standards for the upcoming EU consolidated tapes. Continue Reading….
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FIX Paris: Bond axes multitude does not reflect liquidity quality
Panellists at FIX Paris said the proliferation of credit axes comes as a result of platforms rating liquidity providers on the basis of the number of axes they stream, rather than actual liquidity quality. Sell-side and buy-side panellists at FIX Paris voiced concerns about the use of dealer axes on electronic platforms as an indicator...
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Financial services sector joins forces to accelerate capital markets electronification
1 December 2025 – FIX Trading Community, together with the Investment Association (IA) and the Association for Financial Markets in Europe (AFME), have today announced a crossindustry taskforce to create electronic communication standards and promote industry-wide solutions to make equity capital raising – such as IPOs and secondary share placements –more efficient, transparent and digital....
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Talking innovation at the FIX Southeast Asia Multi-Asset Trading Conference 2025
For the second half of last week, I was in Singapore attending the FIX Southeast Asia Multi-Asset Trading Conference 2025. It was a fairly engrossing event with plenty of interesting topics being shared and discussed throughout. The conference started on time, more or less as these thing usually go, with a breakfast session for attendees...
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