The FIX Trading Community released new cybersecurity guidelines for FIX-over-TLS (FIXS) standards after concerns were raised over the vulnerability of the Financial Information Exchange (FIX) protocol. FIX—a standard messaging language for most asset classes—set up a subgroup of the Cybersecurity Working Group to develop technical standards for using the Transport Layer Security (TLS) protocol. Discussions...
Category: FIX in the News
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MIFID II Data Deluge: Why We Need to Collaborate – Best Execution Article
It is now over 2½ years since the first meetings were held by a number of different FIX working groups to review MiFID II topics with the aim of providing guidelines and best practices for market participants. What has become clear since those first calls, was that many participants on the calls were also participating...
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Has the financial services landscape already changed following MiFID II implementation? – bobsguide article
With any and all significant legislation, the industry have voiced their opinions on MiFID II as the deadline came and went. The concerns, challenges and expectations from various industry leaders have been collated below. Yesterday, January 3, marked the seven year wait for the sequel legislation that builds upon the groundwork laid out by the...
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Simple Binary Encoding for high performance market data interfaces – Automated Trader article
The FIX Trading Community realised that its message encoding was no longer fit-for-purpose for high-performance trading. It came up with the Simple Binary Encoding (SBE) standard to balance the needs of latency versus bandwidth utilisation. We look at how the market data interfaces at the CME Group were implemented with SBE. Nowadays, a large proportion...
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MiFID II Opportunity For Buyside Dealers – Markets Media article
Huw Gronow, head of dealing at Newton Investment Management and co-chair of FIX Trading Community’s EMEA investment management subcommittee, said new regulations in the European Union offer a good opportunity for buyside dealing desks to add value to the investment process through using execution data. Gronow spoke on a panel last week at the London...
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FIX Industry Panel: Tech Versatility Must Rise with MiFID II, CAT’s Wild Arrival – Traders Magazine article
This winter’s regional FIX Trading Community briefing, hosted by Morgan Stanley in New York, brought out veteran technology experts and raised fresh questions as the industry stares down twin-barreled trade reporting mandates on both sides of the Atlantic—with MiFID II’s imminent January 3, 2018 go-live date, and deepening drama behind a missed November 15milepost for...
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FIX Americas Industry Briefing 2017: In Search of the Flux Capacitor – Traders Magazine article
From the improbable upside-down plane scene in ‘Flight’ to musing over the state of the Markets in Financial Instruments Directive (MiFID) in the future of ‘Bladerunner 2049’, this year’s FIX Trading Community event in Boston kicked off with references to the cinematic. But it was the keynote speaker’s analogy borrowed from ‘Back to the Future’—and,...
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Best Execution Reporting – IRP Journal Podcast
Its been 7 years in the making and MIFID 2 finally comes into force this January. One of the guiding principles and an expansion from MIFID 1 is Best Execution . On todays show we’ll talk about Best Execution Reporting with our guest Alex Wolcough a FIX Trading Community Contributor and Director at Appsbroker. http://irpjournal.com/podcast/irp-journal-podcast-4/...
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A Long and Detailed Checklist – Best Execution article
The FIX Trading Community established a number of MiFID Working Groups in May 2015. With just a few months of the year remaining, Tim Healy, Global Marketing and Communications Director, provides an update on FIX’s MiFID II initiative. What have been the areas of focus for the FIX Trading Community? In May 2015, the EMEA...
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FIX issues guide for MiFID II reporting of bond trades – The Desk article
FIX Trading Community, which sets the messaging standard for trading messages sent between buy-side and sell-side firms, has published the final Recommended Practices for Best Execution Reporting, ahead of MiFID II’s January 3 implementation date. The report provides guidance on how to populate the reports required under MiFID II, addressing the three main reporting requirements:...