FIX Trading Community publishes updated MMT ahead of upcoming European consolidated tape

The FIX Trading Community has published Market Model Typology (MMT) 5.0, as part of an effort to provide an industry data standard to help firms prepare for the upcoming European consolidated tape.

MMT is an industry data standard for classifying trades across European capital markets, and the offering is set to meet the needs of firms such as investment banks and hedge funds by helping them understand the details of published transactions, to maintain transparency in market data.

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