Business Practices

FIX Business Practices are produced to address topics relating to business processes or best practices where not relating directly to the usage or implementation of FIX Standards.


This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License. Note some documents may be listed under multiple headings to aid navigation.

Data & Analytics

Icon

FIX Trade Flag Scenarios (European equities) 558.08 KB 595 downloads January 15, 2024

Guidance on trade flag usage for various trading scenarios for equities and equity-like instruments in the UK and EU. …
Icon

European Equities Addressable Liquidity Definitions 791.00 KB 182 downloads December 6, 2023

Release of business standards covering definitions of addressable liquidity. The lack of such standards has been a problem for the industry for many years, and improvements to post-trade transparency driven…
Icon

FIX MiFID II Data Element Guidelines 454.53 KB 454 downloads April 15, 2021

MIFID II Data Elements and their Authoritative, Master and Primary Sources Recommended Practice Guideline Document V1.3 published April 14th, 2021 [October 25, 2022] Added missing Appendix 3 (pages are…
Icon

Asia Pacific Equities IOI Charter 425.32 KB 155 downloads December 10, 2020

A collective of industry associations, ASIFMA, Quorum 15, Asia TraderForum, the FIX Trading Community engaged in a collaborative to established a consistent approach for issuing Indications of Interest. …
Icon

FPL Recommended Standards for the Consolidation of Trade Reports and Market Data in Europe 727.60 KB 648 downloads February 6, 2017

This document details the recommended standards for the consolidation of trade reports and market data for European equity markets. These industry-driven recommendations mark an important milestone in…
Icon

TCA Best Practices for Equities_including IA comments 1.03 MB 644 downloads January 20, 2017

Further refines ongoing TCA requirements across asset classes. The common goal is to provide the industry with specific guidelines to promote TCA standardization. …
Icon

TCA Best Practices for Equities 1.04 MB 1167 downloads January 21, 2014

Develops industry-wide terminology and methodology for Equities, from pre-trade to post-trade analytics. …

    Risk Management

    Icon

    Recommended Risk Control Guidelines (2012) 306.50 KB 616 downloads January 1, 2012

    Provides information around risk management and encourage firms to incorporate best practices in support of their electronic trading platforms. …

      Trading

      Icon

      Outage Communication Standards 768.93 KB 385 downloads September 28, 2023

      The FIX Trading Community (FIX) Equities & Fixed Income Business Practices working groups have been working on standards for the electronic communication of outages between industry participants. This…
      Icon

      FIX Execution Venue Reporting Best Practice Guidelines 439.75 KB 2008 downloads July 22, 2020

      Defines the usage expectations for the FIX fields that describe the final destination point of an execution, the capacity of the broker for that execution and the nature of liquidity (added or taken) for…
      Icon

      Shanghai/Hong Kong Connect: ASIFMA & FIX Trading Community Implementation Guide 513.94 KB 697 downloads April 10, 2015

      Shanghai-Hong Kong Stock Connect, also known as Mutual Market Access or the “through train”, is a pilot programme that signals the continuation of Mainland China’s capital markets’ opening to direct overseas…