ESMA new edict on ISINs has split the industry but initiatives are underway to find solutions. However, it will still require a significant infrastructure upheaval for those firms that have never used the unique code. Lynn Strongin looks at both sides. For the full article, please click here.
Standards body FIX Trading Community has announced the release of Simple Binary Encoding (SBE) version 1.0 Draft Standard, a non-proprietary binary message encoding to meet the latency demands of high frequency trading and market data. For the full article, please click here.
As blockchain technology moves into the financial marketplaces, Fund Technology catches up with Ron Quaranta to learn how funds can leverage blockchain technology and what is FIX Protocol engagement in this disruptive technology. For the full article, please click here.
At the recent FIX Regional Event in Paris earlier this month there was one major question to be answered – could CSAs could be used within an RPA? With every CSA provider trying to shoehorn current offerings into the RPA framework, firms wanted to know not only whether the regulators deem this admissible but, just as importantly, whether this is...
Industry messaging body FIX Trading Community has added support for transmitting MiFID II transaction reports to Approved Reporting Mechanisms to its protocol, announced the group. For the full article, please click here
Initial public and debt offerings can be messy affairs, subject to human error and frailty thanks to the largely manual processes. The UK’s Financial Conduct Authority (FCA) is currently investigating the equity primary market for conflicts of interest amongst dealers, after analysis showed they may give preference to investor clients. For the full article, please click here.
Technology and innovation were the common themes of the 14th Asia Pacific Trading Summit in Hong Kong, as traders and technologists gathered to discuss the issues facing Asian markets. For the full article, please click here.
For those of us in financial services who have been involved in the world of digital currencies and distributed ledgers (also known as a blockchain), 2015 was the year that this innovative technology finally appeared on the radar of every major bank, broker-dealer, exchange and institutional investor. For the full article, please click here.
The below articles have been suggested for distribution to the Digital Currency Working Group Members: Call for blockchain standards is premature and alarmist. (http://www.coindesk.com/blockchain-standards-alarmist/) ETFs’ argues for a bitcoin fund (http://www.wsj.com/articles/a-new-chapter-for-etfs-spider-woman-1461058202) Blockchain is about to get interesting as trial phases end (http://www.thetradenews.com/Technology/Blockchain-about-to-get-interesting-as-trial-phases-end—Euroclear/) Contributions provided by Steven Schweitzer, News Liaison, Digital Currency Working Group
One of the most widely used messaging protocols for information exchange in financial markets is FIX, which stands for Financial Information eXchange (FIX), and is maintained by its industry supported non-profit structure under the FIX Trading Community. For the full article, please click here.
The FIX Trading Community held its Americas Briefing on the 14th and like any FinTech event these days, it wrapped up with a blockchain panel discussion. For the full article, please click here.
Financial firms wanting to use central matching platforms other than industry leader Omgeo to acknowledge their US trade details will no longer have to worry about meeting a two-day settlement cycle in the US. For the full article, please click here.