MMT Copy
Market Model Typology
The MMT (Market Model Typology) Initiative is a collaborative effort established by a broad range of industry participants (trading/reporting venues, data vendors and buy/sell side participants). The initiative is committed to achieving a practical and common solution for standards on post-trade data across all asset classes subject to MiFID II. The initiative unites a variety of industry participants in the basic belief that we can and should act without any further delay to improve the consistency and comparability of data from different sources.
To achieve this goal, we have developed the Market Model Typology (MMT) project, which found its original inspiration in the 2010 CESR Technical Working Group recommendations. The latest MMT version delivers an efficient operational solution for fulfilling trade flagging requirements raised in MiFID II RTS 1 and RTS2. The model is available for immediate adoption and can be used by vendors and clients. In addition to the work on standards for RMs and MTFs, we continue to attract wide-ranging industry support for the standards and are working to expedite their broad implementation, notably to define OTC trading reporting rules.
In order for the MMT standards to become more widely recognised and adopted, in 2013 the MMT Steering Committee voted to bring the initiative under the jurisdiction of the FIX Protocol Limited Trust (Trust). With its long-established and respected values and governance standards, the Trust will oversee the management and development of the standard.
If you have any questions regarding the MMT or would like to submit technical changes (please use the downloadable MMT Change Request submission form, see below), please email: mmt@fixtrading.org
2017 Yearly Progress Report - MMT 157.92 KB 814 downloads December 19, 2017
2017 MMT Progress Report
Documents
Click the below links to access more detailed information.
MMT Initiative Presentation v3.04 685.87 KB 2592 downloads November 29, 2017
An introductory presentation to the Market Model Typology initiative.v3.04 ...MMT Model Version 3.04
MMT Model Version 3.03
MMT Model Version 3.02
MMT Model Version 3.01
MMT Model Version 2.2
MMT Model Version 2.0
MMT Initiative Mapping Matrix v2.0 40.00 KB 535 downloads December 16, 2012
MMT Initiative Mapping Matrix v2.0
MMT Model Version 1.1 Mapping Guide
MMT Initiative Trade Flag Mapping Guide v1.02 1.82 MB 918 downloads February 16, 2017
Version 1.02
MMT Model Version v1.0
Resources
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Below please find links to MMT related extension packs. Extension Packs are created as a result of FIX community market-driven initiatives that have undergone a thorough public review process.
EP216 MMTv3 Support 19.47 KB 1296 downloads September 30, 2016
This Extension Pack supports MMT version 3.01 and the MiFID II post-trade flagging obligations. Update History [Resolved 2017-04-24] Corrected abbreviated name of TrdRegPublicationGrp and TrdRegPublicationType(2669)...
EP163 Market Model Topology (MMT) Extensions 2.49 MB 1238 downloads June 20, 2017
This Extension Pack provides enhancements to FIX to support the MMT requirements established by the FESE for data consolidation. [UPDATED 2013-12-09] Updated FIXML Schema and FIX Repository due to updates...
EP186 – MMT Flagging of OTC Trades 2.47 MB 453 downloads June 20, 2017
This Extension Pack introduces a new field to facilitate an explicit distinction between automated and manual trades in support of sell-side’s requirements found in the Market Model Typology (MMT) version...
EP277 - MMT v4.0 4.40 MB 866 downloads June 5, 2023
This extension pack addresses requirements for MMT v4.0, especially for post-trade flags as identified by the European Consolidated Tape working groups (Equities and Fixed Income) and MMT Technical and...
EP283 - UK Post Trade Transparency 3.65 MB 2416 downloads September 15, 2023
This Extension Pack includes requirements for equities post-trade transparency as laid out in the UK FCA’s policy statement PS 23/4 of May 2023, section 3 (https://www.fca.org.uk/publication/policy/ps23- 4.pdf). Updates 9/22/2023...
EP286 - Addendum to MMT v4.0 and v4.1 4.29 MB 1739 downloads January 8, 2024
This extension pack includes support for MMT level 1: More granular Market Mechanisms ('Hybrid System’ and ‘Any Other excluding Hybrid’) for market data messages and MMT level 2: Trading Mode ‘On...