Recommended Practices/Guidelines

Recommended Practices for the use of FIX by Exchanges Phase 1 860.54 KB 287 downloads

Provides recommendations for best practices for the usage of FIX by exchanges and ECNs.

Create date: January 25, 2007

FIX Execution Venue Reporting Best Practice Guidelines 439.75 KB 150 downloads

Defines the usage expectations for the FIX fields that describe the final destination point of an execution, the capacity of the broker for that execution and the nature of liquidity (added or taken) for that trade.

 

Create date: August 1, 2015

Shanghai/Hong Kong Connect: ASIFMA & FIX Trading Community Implementation Guide 513.94 KB 71 downloads

Shanghai-Hong Kong Stock Connect, also known as Mutual Market Access or the "through train", is a pilot programme that signals the continuation of Mainland China's capital markets' opening to direct overseas investment.  This document is an accurate initial representation of the majority of the participants' expected workflows, both upstream and downstream of their order flow.

Create date: November 12, 2014

Recommended Practices for Party Entitlements - OTC Markets - Swaps 4.10 MB 47 downloads

Defines a standard set of guidelines based on Party Reference Data messages for exchanging enablement information for trading Fixed Income OTC instruments.

Create date: August 14, 2013

Recommended Practices for Party Entitlement: OTC Markets - Fixed Income Instruments 1.63 MB 42 downloads

Provides detailed guidelines for the implementation of party entitlement messages for Fixed Income OTC electronic markets.

Create date: November 5, 2013

Best Practices for Swaps (Phase 3) 7.65 MB 38 downloads

Support for the following workflows has been included as part of Phase 3 of the swaps best practices: recommendations to support the new regulations for SEFs; mid-market mark, US vs. non-US person, block trades, required vs. permitted transactions, etc., guidance on how to send tiered prices i.e. different prices for the same instrument to multiple customers, guidance on sending 'Axes' to indicate if you are a better buyer or seller, guidance on how to run auctions and how to support workups, support for stop orders, iceberg orders and peg orders and messaging from the execution venue to the dealer to confirm if a trade has been cleared.

Create date: May 8, 2014

Best Practices for Bonds - Pre-Trade Indications 185.72 KB 41 downloads

Defines a standard for the transmission of Indications - Axes Inventories and Runs.

Create date: December 1, 2014

Best Practices for Bonds 9.66 MB 59 downloads

Focuses on best practices for the cash bond markets, covering the vast majority of electronically traded bonds, including G8 Government bonds, High Yield, Corporates, Supras/Agencies.

Create date: January 21, 2015

Recommended Practices for Party Entitlements - FX OTC Markets 2.37 MB 46 downloads

Defines a standard set of guidelines based on Party Reference Data messages for exchanging enablement information for trading both Foreign Exchange as well as Fixed Income OTC instruments.

Create date: April 30, 2014

IPO Recommended Practices/Guidelines 396.55 KB 54 downloads

Creates a practice that would bring the new issue order placing process in line with the same procedure used for secondary market orders and trade fills.

Create date: January 28, 2015

FPL Recommended Standards for the Consolidation of Trade Reports and Market Data in Europe 727.60 KB 45 downloads

This document details the recommended standards for the consolidation of trade reports and market data for European equity markets. These industry-driven recommendations mark an important milestone in the development of a European Consolidated Tape. The recommendations provide guidance, explaining how trade reports could be published in a standard manner to enable data to be more easily consolidated, significantly enhancing transparency and quality of data.

Published: November 2012

Create date: February 6, 2017

Common Framework via FIX - Recommended Practices 1.02 MB 73 downloads

Describes the common framework for cross-asset buy-side to sell-side workflow for post-trade processing.  Note that pre-trade allocation is within the scope of post-trade processing.

Create date: March 11, 2016

Equity Allocations Via FIX - Recommended Guidelines FIX 42-44 Examples and Notes 1.18 MB 62 downloads

Contains examples associated with Equity Post-trade Processing via FIX, Guidelines, FIX 4.2, 4.4-V1.2.

Create date: May 4, 2015

Equity Allocations Via FIX - Recommended Guidelines v1.2.4 1.68 MB 47 downloads

Defines industry guidelines for a common usage of the FIX Protocol for post-trade processing between buy-sides and sell-sides that can be used bi-laterally as well as through intermediary facilities.

Create date: April 27, 2015

Equity Swaps via FIX - Recommended Practices 1.46 MB 52 downloads

Addresses the two primary post-trade workflow types or equity swaps between the buy-side and the broker-dealer and swap providers.  The workflows include 1) Hedge-leg style 2) Swap style.

Create date: April 12, 2016

Futures via FIX - Recommended Practices 1.47 MB 59 downloads

Addresses the post-trade workflow for futures and options on futures via FIX.

Create date: February 8, 2016

FX via FIX - Recommended Practices 1.94 MB 66 downloads

Addresses the FIX Protocol for FX Placement, Allocation, and Confirmation/Affirmation workflows.

Create date: May 28, 2016

Qualified Vendor via FIX - Recommended Practices 777.79 KB 40 downloads

Includes the FIX Recommended Practices for interfacing with DTC Qualified Vendors.

Create date: May 19, 2016

SEF_FX_FI via FIX - Recommended Practices 1.39 MB 48 downloads

Focuses on the buy-side to sell-side workflow for trades executed on a SEF utilizing a pre-trade allocation workflow as opposed to "bunched" trades.

Create date: May 5, 2015

Recommended Practices for Continuous Mass Quoting v1 190.31 KB 39 downloads

Aims to be a guide to implementing the Mass Quotation function for equities, listed derivatives, foreign exchange and fixed income transactions using version 5.0 SP1 of the FIX protocol.

 

Create date: July 10, 2007

Recommended Risk Control Guidelines (2012) 306.50 KB 48 downloads

Provides information around risk management and encourage firms to incorporate best practices in support of their electronic trading platforms.

Create date: January 1, 2012

FIX Security White Paper v1.9 700.29 KB 140 downloads

The "FIX Security White Paper (v1.9)" is intended to provide FIX Trading Community members with some of the common questions and answers regarding computer and network security when using FIX. Its scope is limited to the FIX Protocol and transmission of FIX messages between parties; issues such as security of operating systems, internal applications, databases, etc., are outside the scope of this document.

Create date: July 23, 2017

TCA Best Practices for Equities_including IA comments 1.03 MB 71 downloads

Further refines ongoing TCA requirements across asset classes. The common goal is to provide the industry with specific guidelines to promote TCA standardization.

Create date: January 20, 2017

TCA Best Practices for Equities 1.04 MB 66 downloads

Develops industry-wide terminology and methodology for Equities, from pre-trade to post-trade analytics.

Create date: January 21, 2014