FIX in the News

Provable Markets, provider of securities finance platform Aurora, has announced the release of its updated FIX specification and FIX Engine. The move follows the FIX Trading Community’s revised best practices for securities lending orders and execution workflows. Continue Reading…

The Singapore Monetary Authority (MAS) is proposing to keep a tight rein on how the financial institutions it regulates use AI, prompting industry complaints that it is being overly prescriptive. Continue Reading…

The FIX Trading Community, the industry association that manages the world’s trading language, the FIX Protocol, has proposed ten key recommendations for regulating AI in trading, in response to the Monetary Authority of Singapore’s (MAS) consultation, Consultation Paper on Guidelines on Artificial Intelligence Risk Management, which closed on January 31. Continue Reading …

Initiative comes as several trading venues prepare to potentially extend trading hours; consultation group will focus on the evolving role of broker-dealers and the implications of expanded access for global investors. The FIX Trading Community has launched a new industry working group to examine the opportunities and challenges surrounding 24-hour trading in US equities, as industry momentum builds toward round-the-clock market access.  The initiative comes as several alternative trading systems (ATS) have begun to offer...

An industry association, the FIX Trading Community, wants to increase the “size and attractiveness” of European trading markets via modifications to trading practices and extensions of the Financial Information eXchange (FIX) protocol governing electronic trading, officials say. In a whitepaper, “FIXing Europe: How the European Consolidated Tape can radically improve the image of European capital… read more

Buy side traders say they can spend months deciphering broker-specific FIX tags before they can even think of using AI tools for TCA, research and trading. FIX is now pushing for machine-usable execution metadata. The AI working group is working on building up the standards from the buy-side-mandated, algo-specific flags trio: tags 29, 30 and 851. The framework would extend...

What was the highlight of 2025? FIX was, as always, busy on many fronts around the world in 2025, but one area that brought a long-term piece of work to fruition was the publication of our recommended practices for the European Consolidated Tape. The new recommended practices were the result of years of work with hundreds of industry participants. For...

ICMA and the FIX Trading Community have issued a white paper examining issues with market axes in an increasingly electronic bond market, warning that both the buy- and sell-side need to be confident in the security and accuracy of their communications. “Translating this age-old process into the new world of electronic trading is proving more difficult than for other protocols,”...

Pirum has joined the FIX Trading Community. The global fintech has become a member of the FIX Trading Community, in a move it says will help foster increased collaboration towards open industry-wide standards, to contribute directly to standards development, and to drive efficiency and better client outcomes for industry participants across the world. Continue Reading…

The industry association has published practices and workflows using FIX messaging standards for the upcoming EU consolidated tapes. Continue Reading….

Panellists at FIX Paris said the proliferation of credit axes comes as a result of platforms rating liquidity providers on the basis of the number of axes they stream, rather than actual liquidity quality. Sell-side and buy-side panellists at FIX Paris voiced concerns about the use of dealer axes on electronic platforms as an indicator of liquidity. They noted that...

For the second half of last week, I was in Singapore attending the FIX Southeast Asia Multi-Asset Trading Conference 2025. It was a fairly engrossing event with plenty of interesting topics being shared and discussed throughout. The conference started on time, more or less as these thing usually go, with a breakfast session for attendees to get to meet and...