The FCA’s consultation questioned whether SI quotes should be used to determine the best bid offer (BBO) alongside venue quotes, or whether all quotes provided from SIs should be published and/or a BBO from public SI quotes as a separate figure to the trading venue-derived BBO. Continue Reading…
Category: FIX in the News
FIX Urges Changes To UK Financial Regulation
The FIX Trading Community, the industry association that manages the world’s trading language, the FIX Protocol, has called for changes to UK financial regulation as part of its responses to FCA consultations on the UK consolidated tape (CP25/31), and transaction reporting (CP25/32). Continue Reading…
FIX Trading Community Urges Regulatory Alignment in Response to FCA Consultations
The FIX Trading Community has called for significant changes to UK financial regulation in its formal response to FCA consultations on the UK consolidated tape and transaction reporting. Executive Director Jim Kaye emphasised that harmonising UK reporting rules more closely with EU standards would reduce complexity, lower the reporting burden, and improve the quality of...
FIX Trading Community ramps up calls for regulatory changes on UK consolidated tape and transaction reporting
The FIX Trading Community has urged that changes should be made to UK financial regulation, following on from the Financial Conduct Authority’s (FCA) consultations on the UK consolidated tape (CT) and transaction reporting. Ahead of the introduction of the UK CT for equities, currently set to go live in 2027, the community emphasised concerns around...
24th Asia Pacific Trading Summit – The Trade
Where the Global Trading Community Meets at the Edge of Change Each year, as markets continue to evolve in subtle but consequential ways, the Asia Pacific Trading Summit in Hong Kong marks a moment for the industry to pause, reconnect and look ahead. Continue Reading…
FIX EMEA: European liquidity crisis more semantic than systematic
Industry discussions over recent years have frequently mourned the decline of the lit market and the lack of addressable liquidity in Europe and the UK. Yet panellists at the FIX EMEA Trading Conferences in London last week were optimistic about the state of the markets, and suggested that the issue is really a semantic one....
AI’s “eloquent lies” will keep traders in their seats
AI has been, is, and will for the foreseeable future remain, one of the hottest topics in trading, with large language models (LLMs) the latest iteration to make headline news. … read more
Axe throwing gets out of hand at FIX EMEA
The use of ‘axes’ that dealers provide to buy-side clients, giving an indication of the price at which they will trade at a given size, proved controversial on a panel at the FIX EMEA Trading Conference in London. Just under half of the audience called it “an indication of interest to trade that is provided...
FIX Trading Community’s Jim Kaye shares his key conference takeaways
Jim Kaye, executive director at FIX Trading Community’s catches up with The TRADE on the ground at the FIX EMEA Trading Conference 2026 to discuss the main talking points and what’s on the market structure horizon. Watch here.
Fidelity International’s Sam Knight on the ‘true’ cost of fixed income e-trading
The TRADE sits down with Sam Knight, director of global e-trading at Fidelity International, to unpack the key talking points around the fixed income electronic trading landscape, as well as the regulatory developments shaping this sector, and how this may develop throughout 2026 and beyond. Watch here