The post trade working group has recently worked to address the heavily manual and fragmented process for periodic payments and cash flow operations management. Through a collaborative effort with industry participants working group members produced recommended practices and submitted extensions to the FIX Protocol. Please click here to view the recommended practices and here to view the extension pack.
Post Post-Trade Confirmation Payments
August 13, 2019January 21, 2023
MOST (Monitoring, On-boarding and Software Testing) Working Group
MOST working group will focus on developing recommended practices for monitoring, on-boarding and software testing of FIX related financial applications, as well as, develop technical guidelines to measure quality and reliability of platforms. The group seeks specialists primarily involved in technology with skills in software development, monitoring, onboarding and testing. Additionally, the group will collaborate with the FIX Orchestra Working...
August 9, 2019January 21, 2023
A FIX to the Post-Trade World
A FIX to the Post-Trade World Traders Magazine Online News, August 9, 2019 Tom Jordan At the FIX Trading Community event in Chicago on July 25, 2019 hosted by Itiviti at The Library at 190 South LaSalle, a panel of five professionals from a large asset management firm, a large bank and technology providers were surrounded by 50,000 volumes of...
August 8, 2019January 21, 2023
FIX Sets Standard For Periodic Payments
Some firms have already started working towards the new FIX Trading Community standard for periodic payments which aims to increase efficiency and reduce errors. Laurence Jones, co-chair of FIX Trading Community’s global post-trade working group and director, post-trade strategy at Traiana, part of CME Group, told Markets Media that the non-profit, industry-driven body was originally launched to set messaging standards...
August 6, 2019January 21, 2023
Consolidated Tape Working Group
The EU and ESMA are keen on pursuing the creation of a consolidated tape. ESMA has produced a consultation document which poses a number of questions around the provision of a consolidated tape and the technical standards that could be adopted. The first task for this working group will be to formulate a response to relevant questions within the consultation...
August 2, 2019January 21, 2023
Concepts-Part3-Conditional-Expressions
Orchestra Concepts Part 3: Conditional Expressions Conditional expressions tell when something should happen or when a rule applies. Orchestra provides a language called Score to form expressions that machines can read and evaluate. Overview Rules of engagement between counterparties often depend on the values in a message or external state information. One use case is conditionally required fields—whether a field...
August 2, 2019January 21, 2023
Hands-on-Part1-Accessing-Message-Structures
Orchestra Hands-on Tutorial Part 1: Accessing Message Structures An Orchestra file contains message definitions and workflows. When you receive an Orchestra file from a trading counterparty, how do you access it programmatically to discover its elements? An Orchestra file is encoded in XML and must conform to the schema published in GitHub project FIXTradingCommunity/fix-orchestra. There are actually two XML schemas...
August 2, 2019January 21, 2023
Concepts-Part1-MessageStructures
Orchestra Concepts Part 1: Message Structures An Orchestra file contains message definitions and their building blocks, one of the aspects of rules of engagement between counterparties. Overview Orchestra is not a communication protocol in the ususal sense, nor is it an intermediary for messages on the wire. Rather, it describes message structures and behaviors of interacting peers about their communications...
August 2, 2019January 21, 2023
Orchestra-FAQ
Use Cases How should you manage multiple rules of engagement using Orchestra? Q. For instance, how do you use Orchestra to represent multiple order routing destinations? An order routing hub is responsible for translating incoming messages into the FIX format accepted by each destination broker or market. A. To simplifiy the problem, each Orchestra file should only represent one service...
July 24, 2019January 21, 2023
FIX Trading Community expands its presence into Post-Trade Processing
Responding to industry calls for further standardisation London, New York, Hong Kong, July 24th 2019: FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, today announced the launch of a new set of message types to further support periodic future payment management in the post-trade space. The process for periodic payments and cash flow...