FIX is extending its reach with plans to broaden asset class coverage and introduce the FIX messaging protocol into back-office settlement workflows between both asset managers and custodians, and brokers and custodians. These developments are being overseen by the Global Post-Trade Working Group within the FIX Trading Community and are designed to standardise workflows and allow firms already invested in FIX to extend its use.
To find out more about the working group’s plans, we caught up with David Pearson, co-chair of the working group and head of post trade at Fidessa. He outlines the working group’s early years of helping firms across Europe, the US and Asia-Pacific implement the FIX standard in equities trade flows, and says: “If we can do that successfully for allocation and confirmation in equities, we can move on to other asset classes.”
Read the full article click here