There is increasing industry discussion on trade settlement across the trading and operations functions throughout regions, especially as the industry looks at the implications of certain markets moving to a T+1 settlement model. In this context, a growing number of buyside firms wish to know about the settlement status of their trades in a timely and standardized way.
The FIX Trading Community has drafted a gap analysis for using FIX for messaging of settlement status between different parties. This is accessible for review on the FIX Forum at https://forum.fixtrading.org/t/public-comment-period-fix-protocol-gap-analysis-settlement-status-management-proposal/17091. Asset managers, brokers, local/global custodians and their technology providers are recommended they review this and provide any feedback, on the Forum, prior to 7th June.