Industry standards body FIX Trading Community has published version 3.0 of its Market Model Typology (MMT) standard, which aims to provide a MiFID 2-conformant trade flagging model that will help data vendors deliver MiFID-compliant data solutions to customers. For the full article, please click here.
‘As January goes, so goes the year’ is an old Wall Street saying. I’m certainly not going to make any stock market predictions for 2016, but can say with some conviction that the year is likely to be a busy one given how January has started. For the full article, please click here.
A pilot to automate initial public offerings in UK and reduce inefficiency and risk is slated for next month after the FIX Trading Community, the non-profit body that develops and promotes the FIX family of standards, started discussions on the process in 2014. For the full article, please click here.
Pre-trade transparency requirements set out in MiFID II will radically affect the models operated by Europe’s trading venues and swaps dealers, according to experts speaking at the FIX EMEA Trading conference. For the full article, please click here.
The growth in fixed income platforms will grind to a halt leaving behind only a few in the market, according to industry experts. For the full article, please click here.
With Brian Lees, Chair, Execution Venue Sub-Group, Global Buy-Side Committee, AVP, Trading Technology Manager, Capital Group and Irina Sonich-Bright, Director, AES Business Development, Credit Suisse, Co Chair of the FIX European Business Practices Subcommittee, Co Chair of FIX MiFID II Transparency Working Group. For the full article, please click here.
Insiders of the electronic trading world are warning that the threat of cyber criminals to their industry is steadily increasing and that now is the time to collaborate on how best to protect their businesses. For the full article, please click here.
The Investment Management Working Group (IMWG) had been set up to support other streams within the FIX Trading Community and to encourage buy-side involvement at the annual conference. As a group, we identified three main topics: the automation of IPOs, application of FIX for fixed income and execution venue reporting for equities. (See article on page 4, Q1 2014, Issue...
The European Commission last week extended the deadline for implementing the updated version of its pan-European Markets in Financial Instruments Directive, known as MiFID 2, until Jan. 3, 2018, with industry sources blaming the challenges of dealing with the complexities of MiFID 2’s data transparency, storage and reporting requirements as the reason for the delay. For the full article, please...
The FIX protocol, like many other computer protocols, has always been a domain of techies. They are the ones to set up new FIX connections and ‘certify’ them by complying with FIX rules of engagements of counterparties before the users – traders in the case of FIX connections – start to trade over them after minimal testing. For the full...
With Christian Krohn, Managing Director, Head of Equities, AFME, and Matthew Coupe, Director Market Structure, Barclays and FIX Trading Community EMEA Regulatory Subcommittee Co-chair. For the full article, please click here.