The FIX Trading Community has issued Recommended Practices describing how to communicate a BCAN (Broker-to-Client Assigned Number) in the Hong Kong market using FIX Fields. This relates to the requirement for orders (or off exchange trade reports) to include an identification code assigned to the relevant client, in order to identify the originators of those...
Author: FIXTrading Community (FIXTrading Community)
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FIX Trading Community Announces Important Organisational Changes
The FIX Trading Community have today announced two important organisational changes to the FIX Trading Community Program Office. With the appointment of Jim Kaye and Laurence Jones as Executive Director and Regional Director (Americas) respectively. Jim Kaye has been appointed Executive Director with responsibility for all FIX staff, marketing, communications, sales and the day to...
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Best execution post-RTS 27: Building consensus in the industry
REGULATION December 23, 2021 12:03 PM GMT The removal of RTS 27 execution reports does not negate the importance of best execution, and with the expected regulatory divergence between the UK and EU markets, greater collaboration among market participants to agree on standards is of paramount importance. By Charlotte Decuyper With greater divergence between EU and UK...
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The Industry Asks… Quickfire Questions On FIX Latest Standard
With Emma Quinn, Global Co-Head of Equity Trading, AllianceBernstein, and Hanno Klein, FIX Technical Director As part of series of articles by members of the FIX Trading Community, AllianceBernstein’s Global Co-Head of Equity Trading, (and Chair of the FIX Trading Community’s Board of Directors), Emma Quinn, quizzes FIX Technical Director, Hanno Klein, on just what...
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Fixed income: Bond trade efficiency potentially stalled by regulators
Posted by: Best Execution, November 10, 2021 Regulators could stymie the only consensus model for firm pricing in fixed income, a market short of transparency. Dan Barnes reports. Regulators may throw a spanner in the works of bond trading automation, by including desktop trading tools within the definition of regulated trading venue. A ruling by the...
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Why Being a FIX Trading Community Member Matters
Why Being a FIX Trading Community Member Matters — And Why You Should Contribute By Rich Evans, Global Co-chair of FIX Trading Community, and Lee Saba, Global Co-chair of FIX Trading Community and Head of Market Structure, Rialto Markets In an era of focus on good governance, every firm’s contribution to the FIX community matters...
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Next Generation of FIXimate available
FIXimate stands for FIX Interactive Message and Tag Explorer and is the visualization tool for the FIX Repository, which contains the meta-data for the FIX application and session layer. Introduction FIXimate makes the FIX Repository easily accessible and serves as a quick reference to lookup information about FIX messages, components, fields and values. FIXimate has...
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Crackdown by regulators aims to protect investors entering a more digital world
Published by: MondoVisione 31/08/2021 A US Government crackdown on unregulated digital exchanges and stablecoins has long been on the cards, according to broker dealer and pioneering secondary market ATS operator Rialto Markets. But rather than trying to kill off this emerging sector, Rialto Markets’ Head of Market Structure Lee E Saba expects and welcomes an...
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FIX – Realising the potential of algo wheels
Published by: Traders Magazine 30th July 2021 Even though algo wheels have been around for five years and their adoption is now near universal, few are using them beyond the simplest of use cases, such as managing commission wallets or dealing with ‘nuisance’ orders. The slow path to realizing the full potential of algo wheels...