The FIX Digital Asset 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.
Author: FIXTrading Community (FIXTrading Community)
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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...
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Final CAT Tech Spec Released
2018 October 30th On October 30, 2018, the participants of the CAT NMS Plan (“Participants”) published the final version of the CAT Reporting Technical Specifications for Industry Members (“Technical Specifications”). This version incorporates industry feedback submitted to the Participants since publication of the Version 0.6 draft published on September 5, 2018. No further material changes to the...
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The adoption of Crypto Assets into the Institutional Mainstream
By Sean K. Ristau, Co-Chair Digital Currency/Blockchain Working Group, FIX Trading Community and Director of Exchange Integration and Education, Bcause LLC & Jim Northey, Co-Chair Global Technical Committee and Co-Chair High Performance Working Group, FIX Trading Community. Revenue generated from crypto exchanges could more than double to $4bn this year, according to a recent Sanford...
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High Performance FIX for the Web Era – White Paper
The Fintech revolution spawned by alternative payment mechanisms and the creation of cryptocurrencies and Initial Coin Offerings (“ICO”) has produced a proliferation of new web-based systems. Firms attempted to bridge the gap with REST APIs that software developers are familiar with, but a synchronous request/response architectural style is a poor fit for bidirectional communications needed...
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Reminder – FINRA Changes to FIX Trade Reporting Related to Processing of Execution Time
FINRA reminds clients that beginning Monday, August 20, 2018, a change to all FIX trade reporting related to the processing of execution time during Daylight Savings Time (DST) will go into effect. This update affects clients’ transaction reports for all FINRA Multi Product Platform products (MPP), including TRACE, the OTC Trade Reporting Facility (ORF), and...
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James Leman, FIX pioneer, dies at 72
James Leman, most well know for his input in the development of the Financial Information eXchange (FIX) messaging protocol, passed away unexpectedly. READ MORE