FIX in the News

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...

In this episode of Traders Magazine’s Open Order podcast, Global Trading’s Editor, Nick Dunbar spoke to Broadridge’s David Runacres about how booming capital markets in Japan are spurring automation and improving resilience. Continue Reading…

After years of stagnation and insularity, Japan’s buyside is now catching up fast. At Nomura Asset Management, Mai Tanaka and her team are helping to drive the country’s trading transformation To encounter Mai Tanaka at the FIX Japan Electronic Trading Conference in Tokyo in October is like watching a celebrity in their element. Continue Reading…

Exchanges, market makers, and retail brokers as well as investor associations report that households are buying equities – often via apps and dollar-cost averaging – even as institutional money hedges and de-risks. In fact, they tend to buy more when volatility rises. On Euronext’s cash markets, Roland Prévot, head of retail at Euronext, said at FIX Paris: “Across Euronext, retail represents about...

A step forward in AQXT’s mission to modernize global post-trade workflows. AQX Technologies, a leading provider of post-trade automation solutions for buy-side and sell-side firms, today announced that it has joined the FIX Trading Community, the industry association that manages the world’s trading language used across global markets: the FIX Protocol. Continue Reading…

A FIX Trading working group is drafting new protocols to bring ETF primary processes into private networks. ETF creation and redemption are labour-intensive, but as issuers and authorised participants (APs) warn, private-network connection costs need to be considered. At FIX Paris 2025 on 20 November, the ETF working group presented proposals to improve the stubbornly manual processes associated with ETF...