Simon Forster, global co-head of digital assets at TP ICAP, told Markets Media that 2024 was a “watershed” year for the digital assets industry as the sheer volume of bitcoin ETF inflows showed the pent-up demand. In addition, BlackRock has since expanded its model portfolio by adding an allocation to their Bitcoin ETF, which shows...
Category: FIX in the News
FCA pledges caution as industry voices concern over rise of bilateral trading
Jamie Whitehorn, head of trading venues at the FCA, acknowledging industry concerns stated: “On bilateral trading it’s our feeling that markets are effective when there’s a choice of trading functionality. We are conscious that when you kind of change one aspect of market structure, you have to be mindful of your impact on market structure...
Broadridge’s new algo co-pilot: The first tangible use case of AI in trading?
Broadridge is set to go live with its new algo co-pilot offering in the next few weeks, aimed at helping the buy-side route their orders better. Named NYFIX Algo Co-Pilot, the new product uses AI to build a picture of fils in the market to better inform traders when they look to select an algorithmic...
The Desk: Location will determine bid-ask spreads for European bond traders
The UK and EU are each developing consolidated tapes of bond pricing, but they have different period of disclosure for trades of different sizes, meaning a trade might be published on one tape before it is published on another. . At the FIX EMEA conference, Matt Coupe, co-chair of EMEA Regional Committee, FIX Trading Community,...
Global Trading: Location will determine bid-ask spreads for European bond traders
Where European bond traders and their counterparties are sat could affect the size of bid-ask spreads they are shown, thanks to a split in disclosure regimes between the United Kingdom (UK) and the European Union (EU), attendees at the FIX EMEA conference heard in London on 6 March. Click here to read the full article..
Exasperation with UK-EU split breaks out at FIX EMEA conference
Audiences met the suggestion that EU and UK regulators should align their CTP selection processes with applause at the FIX EMEA conference in London. Visit the Global Trading website to find out more…
“Non-linear dynamical system” of interacting algos dooms DORA efforts
The interconnected nature of trading algorithms poses a significant threat to financial stability, speakers at this year’s FIX EMEA conference warned, with companies unable to rely solely on the resilience of their own systems. “[AI] technology is increasingly being integrated into solutions,” affirmed Marina Kudryavtseva, senior quality assurance manager at Exactpro Systems. “Cybersecurity remains a...
Data costs keep FIXers awake at night as budgets tighten
Analysis of 50 decision makers attending the FIX EMEA conference in London on 6 March 2025 found that the decline of Europe and the UK’s capital markets was the single greatest concern across all demographics for equity market participants, but a near non-issue in fixed income markets where addressable liquidity saw more concern across different...
ISO20022 “not suitable” for trading messages, FIX Tech committee says
At the recent FIX EMEA Trading Conference, discussions around market data standards brought the FIX Protocol and ISO 20022 into sharp focus. A notable concern raised by industry experts is the suitability of the ISO 20022 messaging framework for handling trading messages, particularly in the context of MiFID II transparency requirements Marc Berthoud, head of...
Buy side, sell side clash over European equities fragmentation
Whether market fragmentation is causing a liquidity crisis in Europe depends on who you ask. Buy-side players often lament the financial and operational cost that fragmentation is bringing down on them, but the sell side is keen to dispel their concerns as myth. The debate was centre stage at this year’s FIX EMEA conference, as...