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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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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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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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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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What to expect at the FIX Nordic Trading Briefing

The 9th FIX Trading Community Nordic Trading Briefing is just around the corner and this year’s conference promises to live up to the event’s reputation for stimulating and informative discussion, with a Nordic twist.   MiFID II is on everyone’s minds and we’ll be looking at what market participants need to know to thrive in...

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Navigating low-latency trading technology in India

India has taken a big step forward in widening its low-latency trading community. The Securities and Exchange Board of India (SEBI) in March announced regulatory changes designed to let more firms trade via shared managed colocation services. The move, SEBI said, would benefit small- and medium-sized firms that may have been prohibited from such trading...