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..
Category: FIX in the News
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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…
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“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...
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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...
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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...
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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...
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Market must view T+1 as merely a stop on the road to real time settlement
“Do you want to evolve or do you want to go extinct,” asked one expert panellist addressing the UK and EU shift to T+1 at the FIX EMEA Trading conference. Continue reading…
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Participants keeping watchful eye on growing bilateral trading segment in 2025
Almost half of EMEA FIX Trading conference attendees said that the impacts on price formation in public markets as a result of increasing bilateral trading is their greatest regulatory focus for 2025. Continue reading…
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FIA releases findings from derivatives industry survey
The FIA released its 2025 derivatives industry survey, conducted by Crisil Coalition Greenwich, that revealed key insights into market sentiment and future trends. A majority of respondents anticipate increased trading activity in 2025, driven primarily by political instability and geopolitical conflict, rather than traditional economic fundamentals. Find out more …
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Adoption of standard FX reject code too slow – Schroders trader
Dealers have been too slow to adopt standardised codes for rejected foreign exchange trades, according to a senior buy-side trader, who also called on trading venues to help accelerate industry take-up. Continue reading here …