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FIX Extension Packs

Recent extensions to the protocol, initiated by working groups, have completed Global Technical Committee review and approval and have been published on the website, please click here.  The below extension packs add new functionality to the standard and are available for download. EP250 – Share Trading Obligation Extension (Brexit Working Group) EP251 – APAC Client...

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Bad clocks blocks FX Best-Ex

To get a good deal in fast-moving FX markets, buy-side firms need to know the time. Some of them don’t Flavor Flav, the hype man for hip-hop superstars Public Enemy, famously wore a large clock around his neck, so he knew what time it was. He would not have been a success in modern foreign...

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FIXing the Industry: FIX Trading Community Talks Outsourced Trading, Post-Trade and New Initiatives in Boston

Last week at the FIX Trading Community’s Americas Trading Briefing in Boston, broker-dealers, asset managers and vendors came together at an event hosted by State Street Global Markets to discuss key issues facing the financial services industry. Three panels convened, with topics ranging from the rise of outsourced trading to the FIX protocol’s role in...

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AI Finds a Role as ‘Collaborative Intelligence’ Models Come to Life

On October 3rd, FIX Trading Community along with RBC Capital Markets will host the New York Regional Meeting. This evening event provided delegates with a regional update, followed by a panel debate and close with networking drinks.  The panel topic was ‘The Growing Impact of Artificial Intelligence (AI) in Financial Services’.   “None of us here believe...

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The Consolidated Tape – It’s not easy but without standards it is impossible

Earlier this year at the FIX EMEA Trading Conference, Keynote Speaker Verena Ross, Executive Director, ESMA, discussed the fact that ESMA would be reopening the discussion around the need for quality market data and data standards. Since no consolidated tape provider had naturally emerged, ESMA would revisit the subject and if necessary, would look to mandate...

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Brexit Working Group

Addresses potential changes related to a no-deal Brexit scenario to address trade reporting and Share Trading Obligations (STO) across EU and UK domiciles. • STO Indicator • SI Jurisdiction • Reported Jurisdiction Please click here to view the guidelines. Please click here to view the Public Comment post to address the gaps identified for Share...

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Concepts-Part5-Service-Offerings-And-Session-Configurations

Orchestra Concepts Part 5: Service Offerings and Session Configurations The Orchestra Interfaces schema provides a standardized way to specify service offerings and configure sessions for connectivity. Overview Every system that allows customers or partners to connect uses some stack of communications protocotols. Those protocols must be specified to the peers in order to establish connectivity....