FIX is extending its reach with plans to broaden asset class coverage and introduce the FIX messaging protocol into back-office settlement workflows between both asset managers and custodians, and brokers and custodians. These developments are being overseen by the Global Post-Trade Working Group within the FIX Trading Community and are designed to standardise workflows and allow firms already invested in...
FIX Plans Broader Asset Class Coverage and Move into Back-Office Trade Settlement
November 16, 2018January 21, 2023
Cloud Goes Higher and Higher
“The year 2016 is to the cloud as 1996 was to the internet,” according to a speaker at the New York regional event of the FIX Trading Community, held at Thomson Reuters headquarters in Times Square on October 3. The comment underlines the strongly held opinion, expressed by all key speakers at the meeting, that cloud usage for data storage...
November 14, 2018January 21, 2023
Internationalizing China’s Trading Standards
By Jim Northey, Co-Chair Global Technical Committee and Co-Chair High Performance Working Group, FIX Trading Community, and Mao Ting, Senior Manager, China Foreign Exchange Trade System CFETS is keen to work closely with the FIX organization and ISO TC68 to improve standardization in China’s domestic market and share its experiences with the world. The China Foreign Exchange Trade System (CFETS),...
October 30, 2018January 21, 2023
Final CAT Tech Spec Released
2018 October 30th On October 30, 2018, the participants of the CAT NMS Plan (“Participants”) published the final version of the CAT Reporting Technical Specifications for Industry Members (“Technical Specifications”). This version incorporates industry feedback submitted to the Participants since publication of the Version 0.6 draft published on September 5, 2018. No further material changes to the Technical Specifications are planned for...
October 25, 2018January 21, 2023
The adoption of Crypto Assets into the Institutional Mainstream
By Sean K. Ristau, Co-Chair Digital Currency/Blockchain Working Group, FIX Trading Community and Director of Exchange Integration and Education, Bcause LLC & Jim Northey, Co-Chair Global Technical Committee and Co-Chair High Performance Working Group, FIX Trading Community. Revenue generated from crypto exchanges could more than double to $4bn this year, according to a recent Sanford C. Bernstein & Co report....
October 2, 2018January 21, 2023
High Performance FIX for the Web Era – White Paper
The Fintech revolution spawned by alternative payment mechanisms and the creation of cryptocurrencies and Initial Coin Offerings (“ICO”) has produced a proliferation of new web-based systems. Firms attempted to bridge the gap with REST APIs that software developers are familiar with, but a synchronous request/response architectural style is a poor fit for bidirectional communications needed for trading. Therefore, cryptocurrency venues...
September 18, 2018January 21, 2023
Reminder – FINRA Changes to FIX Trade Reporting Related to Processing of Execution Time
FINRA reminds clients that beginning Monday, August 20, 2018, a change to all FIX trade reporting related to the processing of execution time during Daylight Savings Time (DST) will go into effect. This update affects clients’ transaction reports for all FINRA Multi Product Platform products (MPP), including TRACE, the OTC Trade Reporting Facility (ORF), and The Alternative Display Facility (ADF)....
September 10, 2018January 21, 2023
James Leman, FIX pioneer, dies at 72
James Leman, most well know for his input in the development of the Financial Information eXchange (FIX) messaging protocol, passed away unexpectedly. READ MORE
September 5, 2018January 21, 2023
What to expect at the FIX Nordic Trading Briefing
The 9th FIX Trading Community Nordic Trading Briefing is just around the corner and this year’s conference promises to live up to the event’s reputation for stimulating and informative discussion, with a Nordic twist. MiFID II is on everyone’s minds and we’ll be looking at what market participants need to know to thrive in a post-MiFID II environment. But...
August 24, 2018January 21, 2023
Navigating low-latency trading technology in India
India has taken a big step forward in widening its low-latency trading community. The Securities and Exchange Board of India (SEBI) in March announced regulatory changes designed to let more firms trade via shared managed colocation services. The move, SEBI said, would benefit small- and medium-sized firms that may have been prohibited from such trading previously due to costs and...