Huw Gronow, head of dealing at Newton Investment Management and co-chair of FIX Trading Community’s EMEA investment management subcommittee, said new regulations in the European Union offer a good opportunity for buyside dealing desks to add value to the investment process through using execution data. Gronow spoke on a panel last week at the London regional briefing for the FIX...
Updated News from the FIX Trading Community
To see the latest updates and summary across all the FIX MiFID Subgroups, please click here.
The Global Technical Committee are currently working on a number of Extension Packs relating to MiFID II. Upcoming new Extension Packs with Pre-assigned EP numbers are as follows:
EP237 MiFID II and MiFIR Extensions Part 4
EP238 ESMA RTS 2 Segmentation Criteria
PRE-ASSIGNED new values for TradeReportingIndicator(2524):
6 = Trade has been or will be reported [Elaboration: Depending on the regulatory regime the recipient is not responsible for reporting.]
7 = Trade has been or will be reported as a “non-Systematic Internaliser” buyer trade
8 = Trade has been or will be reported by a trading venue as an “off-book” trade
9 = Trade is not reportable [Elaboration: The non-equity instrument is not deemed to have been traded on a trading venue.]
Please see below the details of the latest Extension Packs that have been released.
EP236 – This extension pack addresses the gaps in the FIX Protocol Application Layer related to MiFID II RTS 28 and best execution reporting requirements.
EP235 – This extension pack addresses the gaps to the FIX Protocol Application Layer standard to meet the requirements for ESMA RTS 2 and RTS 23 which specifically addresses the data standards and formats for financial instrument reference data.
EP234 – This extension pack extends the FIX Protocol to support a new attribute to the various allocation repeating components allowing for identification of the leg of a multileg order or trade.
FIX Trading Community: Shaping the Future of Trading
FIX in the News
This winter’s regional FIX Trading Community briefing, hosted by Morgan Stanley in New York, brought out veteran technology experts and raised fresh questions as the industry stares down twin-barreled trade reporting mandates on both sides of the Atlantic—with MiFID II’s imminent January 3, 2018 go-live date, and deepening drama behind a missed November 15milepost for the US Consolidated Audit Trail,...
FIX Trading Community releases Recommended Practices for Commission Unbundling as required by MiFID II Providing definitive guidelines to assist firms with unbundling prior to January 2018 London, New York, Hong Kong, 15th November 2017: FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, today releases Recommended Practices for Commission Unbundling as required by MiFID...
From the improbable upside-down plane scene in ‘Flight’ to musing over the state of the Markets in Financial Instruments Directive (MiFID) in the future of ‘Bladerunner 2049’, this year’s FIX Trading Community event in Boston kicked off with references to the cinematic. But it was the keynote speaker’s analogy borrowed from ‘Back to the Future’—and, specifically, mention of the flux...