Execution Venue Reporting – Updated Recommended Practices

Published by: MarketsMedia 30thJune2020 FIX Trading Community Execution Venue Reporting Recommended Practices London, New York, Hong Kong, 29 June 2020: FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, announced today an updated release of the Execution Venue Reporting Recommended Practice Guidelines. Originally produced by the FIX Trading Community Global Buy Side Committee to...

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FIX to Support Digital Assets

The FIX Trading Community empowers individuals and firms to collaborate and ensure the work of the community is complete, robust, and fit for purpose, for the entire industry. This has been achieved by FIX Protocol being supportive of nearly every conventional class of financial instrument, so it only follows that FIX should also support digital asset trading. Just as FIX...

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Modernising the securities lending infrastructure

Published by: SecuritiesLendingTimes 19thJune2020 OCC has set out a vision to establish a permissioned distributed ledger network for cleared securities lending transactions The role of the Options Clearing Corporation (OCC), the world’s largest equity derivatives clearing organisation, in the securities lending market is to serve as the central counterparty (CCP) for lenders and borrowers. As a CCP, we provide a...

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FIX Trading Community welcomes new Directors

London, New York, Hong Kong, 8th June 2020: FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading is pleased to announce the recent election of two new FIX Directors and the re-election of a current director. Please click here to view all of the FIX Directors. Re-Elected: Emma Quinn, SVP, Global Co-head of Equity...

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Cboe to introduce new order type,

FLEX Delta Adjusted at Close PUBLISHED BY: FINANCEFEED 27May2020 DAC orders are limit orders for FLEX options that execute intraday and receive a delta-adjusted price based on that day’s official closing price of the underlying security or index value. Cboe Options Exchange (C1) is set to introduce a new order type, FLEX Delta-Adjusted at Close (DAC), which will be accepted during...

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Enhancing the process

As COVID-19 has unearthed some of the inefficiencies and problems in the financial services space, industry experts discuss the current challenges in clearing and settlement and how these processes can be enhanced The global pandemic has shaken up many industries and has caused market volatility in the financial services space. In particular, this has shone a light on the inefficiencies...

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FMSB Review Highlights Data Risks in Wholesale FICC Markets

ByEditors, Regulation Asia Published on 12th May 2020 The paper highlights the benefits of moving to a more centralised data strategy, including cost reduction, risk reduction, and the ability to better use data to drive value. Industry initiatives such as the FIX Protocol and the introduction of LEIs show that standardised approaches to data governance can be effective in controlling the risks...

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Boosting the Resilience of Post-Trade with a Collaborative FIX

Early adopters of back office efficiency gain an edge, but the industry needs wholesale change through standardisation. When financial services shifted to remote workingwhile also dealing with increased market volumes in response to the global impact of Covid-19, it put the spotlight on operational efficiency and the need for increased automation and standards. Outdated, manual processes based on creaking infrastructure...

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Whatever consolidated tape you want, data standards are essential

The Regulators have wanted an industry led Consolidated Tape, but it hasn’t happened. Neena Dholani, Global Marketing Programme Director, FIX Trading Community explains why. Some of the reasons why Consolidated Tape providers have not emerged include the lack of financial incentive for running a consolidated tape, the overly complex and strict regulatory environment, competition among non-regulated entities such as data...

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TP Icap Debuts Next-Gen Feed to Support Data Expansion

The new feed will provide the framework to support new data types that the broker plans to make available later this year. London-based inter-dealer broker TP Icap has unveiled a new FIX protocol-based datafeed, dubbed Surfix, which will serve as the broker’s flagship delivery mechanism for all of its existing real-time data products, as well as new data types that TP...

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Trading Venues Aim to Unlock Value of Green Bonds

In 2007, a historic document landed on the desks of leaders around the globe. The Intergovernmental Panel on Climate Change, assembled by the United Nations Environment Programme and the World Meteorological Organization, had published a report providing scientific data showing that it was “very likely” that human action was directly linked to climate change. The impact of industrialization on the...

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