FIX Trading Community publishes draft standards for settlement status messages

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 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.