From the improbable upside-down plane scene in ‘Flight’ to musing over the state of the Markets in Financial Instruments Directive (MiFID) in the future of ‘Bladerunner 2049’, this year’s FIX Trading Community event in Boston kicked off with references to the cinematic. But it was the keynote speaker’s analogy borrowed from ‘Back to the Future’—and, specifically, mention of the flux...
Updated News from the FIX Trading Community
To see the latest updates and summary across all the FIX MiFID Subgroups, please click here.
The Global Technical Committee have been working on a number of Extension Packs relating to MiFID II. Please see below the details of the latest Extension Packs that have been released.
EP237 – MiFID II and MiFIR Extensions Part 4. This extension pack, initiated by the FIX EMEA Regulatory Subcommittee and the Global Technical Committee, extends the FIX Protocol to meet the requirements of MIFID II and MiFIR. This extension pack covers a fourth set of critical data requirements identified by the committees and sub-working groups.
EP236 – This extension pack addresses the gaps in the FIX Protocol Application Layer related to MiFID II RTS 28 and best execution reporting requirements.
EP235 – This extension pack addresses the gaps to the FIX Protocol Application Layer standard to meet the requirements for ESMA RTS 2 and RTS 23 which specifically addresses the data standards and formats for financial instrument reference data.
EP234 – This extension pack extends the FIX Protocol to support a new attribute to the various allocation repeating components allowing for identification of the leg of a multileg order or trade.
FIX Trading Community: Shaping the Future of Trading
FIX in the News
Its been 7 years in the making and MIFID 2 finally comes into force this January. One of the guiding principles and an expansion from MIFID 1 is Best Execution . On todays show we’ll talk about Best Execution Reporting with our guest Alex Wolcough a FIX Trading Community Contributor and Director at Appsbroker. http://irpjournal.com/podcast/irp-journal-podcast-4/
The FIX Trading Community established a number of MiFID Working Groups in May 2015. With just a few months of the year remaining, Tim Healy, Global Marketing and Communications Director, provides an update on FIX’s MiFID II initiative. What have been the areas of focus for the FIX Trading Community? In May 2015, the EMEA Regulatory Subcommittee looked at specific...
FIX Trading Community, which sets the messaging standard for trading messages sent between buy-side and sell-side firms, has published the final Recommended Practices for Best Execution Reporting, ahead of MiFID II’s January 3 implementation date. The report provides guidance on how to populate the reports required under MiFID II, addressing the three main reporting requirements: II RTS 27, RTS 28,...