FIX in the News

FIX Trading Community proposes four reforms for the European consolidated tape

The suggestions are aimed at ensuring increased investor interest in European capital markets.   The FIX Trading Community has proposed a new set of recommendations for the European consolidated tape (CT), to address issues of data quality, transparency and the attractiveness of European markets.  FIX proposes four reforms to ensure the European CT helps to resolve these obstacles and close gaps across the...

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Japanese buyside traders seek defence against HFT

After years of stagnation, Japan’s equity market is booming and alternative trading system providers are flocking in. Buyside traders now hope that the stranglehold of HFT firms will be broken. With its first female prime minister and the stock market at a record high, Japan is attracting a new influx of domestic retail and foreign investment. But first, the country’s...

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FIX Trading Community Sets Stage for Americas Trading Conference 2025

The Americas Trading Conference 2025, hosted by FIX Trading Community, returns to @Ease 605 in New York City this fall for a full day of market insight, industry discussion, and networking. Taking place on Thursday, October 30th, the event will bring together leading voices from across the trading ecosystem to address key issues shaping the global markets. Read More

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FIX Trading Community and ICMA Tackle Decline in Bond Trading Axe Quality

The FIX Trading Community, the global industry association that maintains the FIX Protocol, is joining forces with the International Capital Market Association (ICMA) and the wider bond trading ecosystem to tackle long-standing inefficiencies in how “axes” — trader indications of buying or selling interest — are used and distributed across fixed income markets. Read More

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Axes falling on bond trading: FIX Trading Community

14 October, 2025 (London): The FIX Trading Community, the industry association that manages the world’s trading language, the FIX Protocol, has committed to working with the global bond trading community and the International Capital Market Association (ICMA) to improve the efficiency and quality of bond trading. The joint effort, spearheaded by the FIX Fixed Income Axe Standards Working Group, will...

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FIX Pushes FCA to Improve Post-Trade Transparency in Bond and Derivatives Trading

The FIX Trading Community has called on the UK’s Financial Conduct Authority (FCA) to take decisive action in improving post-trade transparency as part of its Consultation Paper CP25/20. The consultation, focused on the systematic internaliser (SI) regime for bonds and derivatives and accompanied by a discussion paper on equity markets, has prompted FIX to highlight persistent shortcomings in market data....

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FIX Calls For Better Post-Trade Transparency In FCA Consultation

The FIX Trading Community, the industry association that manages the world’s trading language, the FIX Protocol, has called for greater post-trade transparency in its response to the Financial Conduct Authority’s Consultation Paper CP25/20: The SI regime for bonds and derivatives including discussion paper on equity markets. FIX Executive Director, Jim Kaye, said the discussion paper section was an opportunity to address legacy...

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FIX urges FCA to tackle duplicate trade reporting, NPFTs

The FIX Trading Community has responded to the FCA’s consultation paper on the SI regime for bonds and derivatives, calling for legacy issues to be addressed to improve post-trade transparency. The FCA’s paper focuses on the SI regime for bonds and derivatives, with questions on equity markets included to inform an upcoming 2026 consultation on the asset class. … read...

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Budgets curtail MMT voluntary flag take-up, FIX says

Voluntary trade flags developed by the FIX Trading Community haven’t seen the take-up that the group hoped, members told Global Trading, with UK-EU reporting consistency held back by a lack of investment in non-obligatory changes. Ahead of the consolidated tapes (CT) being introduced in the UK and Europe, FIX has released a fifth iteration of its Market Model Typology (MMT...

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FIX Publishes New Data Standards For European Capital Markets

The updated MMT meets the new requirements for a European consolidated tape, expected later this year. FIX’s MMT Steering Committee has worked closely with European regulators since 2013, keeping the standard up to date with changing regulations and user requirements and underpinning the efficiency and transparency of the entire market. Continue reading on Mondo Visione…

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