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Expanding FIX to Boost STP in the Post-Trade Arena

The Global Post Trade Working Group at FIX Trading Community is currently working to expand the use of the FIX messaging standard into new workflows and processes, namely broadening asset class coverage and enabling FIX to support workflows between asset managers, brokers and custodians. A lack of cross-industry standards allowing counterparties to collaborate has often...

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GTC Blog

The GTC Blog provides updates on the Global technical Committee efforts, technical initiatives and technical standards development. Please click here to view the blog.

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MMT

The Market Model Typology (MMT) was developed to provide data standardization across financial markets.  The latest version of MMT delivers efficient operational solutions for fulfilling trade flagging requirements raised in MiFID II RTS1 and RTS2. Click here to view more details regarding the MMT standard.

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FIX/FIF CAT Initiative

In an effort to address the SEC adopted Rule 613 which requires national securities exchanges and SROs to submit a Consolidated Audit Trail (CAT) with the respect to the trading of NMS securities, FIX has collaborated with the Financial Information Forum (FIF) to assist firms with their CAT implementations. Please click here to view the...

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FIX Orchestra

FIX Orchestra was conceived as machine readable rules of engagement between counterparties. Orchestra is intended to cut time to onboard counterparties and improve accuracy of implementations.  Please click here for more details regarding FIX Orchestra. FIX Orchestra GitHub page enables users to post issues or pull requests for the next release candidate.  Users may also...

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Digital Currency/Blockchain Working Group

The FIX Digital Currency/Blockchain working group was established to help industry participants navigate the issues and regulatory guidance associated with trading digital currencies.  Currently, participants are discussing workflows for the buyside/sellside and venues. Please click here to view the working group page.

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Data Initiatives to Fuel Finance’s New Era of Experimentation

By Neena Dholani,Global Marketing Programme Director, FIX Trading Community “Age is no guarantee of efficiency—and youth is no guarantee of innovation.” So goes the conversation in Skyfall, the recent James Bond film, that finds Bond contemplating whether he’s still up to his job while meeting his new, much younger and more technologically-inclined quartermaster. It is a...

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FIX Plans Broader Asset Class Coverage and Move into Back-Office Trade Settlement

FIX is extending its reach with plans to broaden asset class coverage and introduce the FIX messaging protocol into back-office settlement workflows between both asset managers and custodians, and brokers and custodians. These developments are being overseen by the Global Post-Trade Working Group within the FIX Trading Community and are designed to standardise workflows and...

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Cloud Goes Higher and Higher

“The year 2016 is to the cloud as 1996 was to the internet,” according to a speaker at the New York regional event of the FIX Trading Community, held at Thomson Reuters headquarters in Times Square on October 3. The comment underlines the strongly held opinion, expressed by all key speakers at the meeting, that...

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Internationalizing China’s Trading Standards

By Jim Northey, Co-Chair Global Technical Committee and Co-Chair High Performance Working Group, FIX Trading Community, and Mao Ting, Senior Manager, China Foreign Exchange Trade System CFETS is keen to work closely with the FIX organization and ISO TC68 to improve standardization in China’s domestic market and share its experiences with the world. The China...