FINRA drops support of CTCI Protocol for TRACE and ORF, FIX Protocol recommended

Any clients, including Service Bureaus, that currently utilize CTCI and wish to continue to deliver electronic transactions should migrate to the FIX Protocol by Monday, 3rd of February 2020. FINRA announced their termination of CTCI protocol (CTCI/TCP; CTCI/MQ) support for both TRACE and Over-the-Counter Reporting (ORF) transaction reporting in August 2018, for more information please click here. Supporting Documentation: FINRA...

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FINRA recommends FIX Protocol as replacement for CTCI clients

FIX Protocol replaces Computer to Computer (CTCI) for reporting to Trace and Over- the -Counter Reporting (ORF) effective February 3, 2020. The final production test is January 11, 2020. Any questions regarding this notice should sent to FINRA Product Management or call (866)899-2107. Please click below for details: https://www.finra.org/filing-reporting/orf/final-2019-ctci-migration-production-test-trace-and-orf

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FIX Online Specification has been published

The FIX Global Technical Committee is happy to announce that the normative FIX Specification has been successfully refactored on the basis of FIX Version 5.0 Service Pack 2 Volume 1 – 7 and is now published under https://fixtrading.org/online-specification. It is the starting point for the inclusion of the large number of Extension Packs that have been published since FIX Version 5.0...

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FIX Extension Packs

Recent extensions to the protocol, initiated by working groups, have completed Global Technical Committee review and approval and have been published on the website, please click here.  The below extension packs add new functionality to the standard and are available for download. EP250 – Share Trading Obligation Extension (Brexit Working Group) EP251 – APAC Client Facilitation Extension (AP Exchanges &...

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Bad clocks blocks FX Best-Ex

To get a good deal in fast-moving FX markets, buy-side firms need to know the time. Some of them don’t Flavor Flav, the hype man for hip-hop superstars Public Enemy, famously wore a large clock around his neck, so he knew what time it was. He would not have been a success in modern foreign exchange markets, where participants increasingly...

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FIXing the Industry: FIX Trading Community Talks Outsourced Trading, Post-Trade and New Initiatives in Boston

Last week at the FIX Trading Community’s Americas Trading Briefing in Boston, broker-dealers, asset managers and vendors came together at an event hosted by State Street Global Markets to discuss key issues facing the financial services industry. Three panels convened, with topics ranging from the rise of outsourced trading to the FIX protocol’s role in post-trade processes. Attendees left with...

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FIX Trading Community Collaborates with Trade Associations at FIX EMEA London March 2020

Including AFME, AIMA, BVI, EDMA, EFAMA, EVIA, IA, ICMA, and SSDA London, New York, Hong Kong, 7 November 2019: FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, today announced that the FIX EMEA Trading Conference on 12th March 2020 will be held in association with a number of Trade Associations for the second...

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