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. According to the association, inadequate post-trade transparency continues to obscure market depth and hinder effective liquidity assessments.
FIX Executive Director Jim Kaye stressed that the consultation represented a unique opportunity to resolve these issues.