London, New York, Hong Kong, 8th June 2020: FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading is pleased to announce the recent election of two new FIX Directors and the re-election of a current director. Please click here to view all of the FIX Directors. Re-Elected: Emma Quinn, SVP, Global Co-head of Equity...
FIX Trading Community is built around clear standards
FIX Protocol is part of the fabric of capital markets. Formed in 1991 at the dawn of electronic trading, FIX connects the global ecosystem of venues, asset managers, banks/brokers, vendors and regulators by standardizing the communication amoung participants. This is accomplished by following 4 key principles:
- Creating and maintaining robust open standards across the whole ecosystem from pre-trade to market data to settlement.
- Providing advice and counsel to regulatory bodies in a transparent and unbiased way.
- Seeking ways to improve the trading process front to back for the global financial services industry.
- Providing our members with a neutral, collaborative environment to come together through member-driven conferences and other critical forums to promote, support and educate.
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FIX in the News
FLEX Delta Adjusted at Close PUBLISHED BY: FINANCEFEED 27May2020 DAC orders are limit orders for FLEX options that execute intraday and receive a delta-adjusted price based on that day’s official closing price of the underlying security or index value. Cboe Options Exchange (C1) is set to introduce a new order type, FLEX Delta-Adjusted at Close (DAC), which will be accepted during...
As COVID-19 has unearthed some of the inefficiencies and problems in the financial services space, industry experts discuss the current challenges in clearing and settlement and how these processes can be enhanced The global pandemic has shaken up many industries and has caused market volatility in the financial services space. In particular, this has shone a light on the inefficiencies...
ByEditors, Regulation Asia Published on 12th May 2020 The paper highlights the benefits of moving to a more centralised data strategy, including cost reduction, risk reduction, and the ability to better use data to drive value. Industry initiatives such as the FIX Protocol and the introduction of LEIs show that standardised approaches to data governance can be effective in controlling the risks...