FIX Recommended Practices are produced to address topics relating to the usage or implementation of FIX Standards for specific scenarios. They are produced by various committees or working groups, are reviewed by the Global Technical Committee prior to official publication, and are subject to public review. These are intended to provide supplemental guidance to the FIX Standards.


This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License. Note some documents may be listed under multiple headings to aid navigation. MiFID-related documentation can be found here.

By Region

Americas

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Errata: Recommended Mapping CAT Phase 2A (equities)

133.99 KB 34 downloads November 21, 2020
2020/11/19 - Errata version of CAT-FIX Mapping Phase 2A (Equities) messages based...
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Recommended Mapping CAT Phase 2A (equities)

132.01 KB 320 downloads January 2, 2020
2020/01/02 - CAT-FIX Mapping Phase 2A (Equities) messages to FIX messages based on...

    Asia Pacific

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    Recommended Practices: BCAN ID using FIX for HKIDR

    205.43 KB 158 downloads May 5, 2022
    The FIX Asia Pacific Technical Subcommittee recommends how to communicate a BCAN...
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    Recommended Practices: Hong Kong - Master SPSA

    364.82 KB 30 downloads November 19, 2020
    (Master) SPSA (Special Segregated Account) IDs were introduced by HKEx for the sole...
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    Recommended Practices: Hong Kong SFC Facilitation Trade Consent

    993.74 KB 339 downloads May 13, 2019
    Approved-V0.5: Recommended Practices, produced by the Asia Pacific Exchanges &...

      By Function

      Pre Trade

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      Recommended Practices for Book Management

      899.00 KB 198 downloads March 22, 2017
      Version 2.0 - This document explains the proper conventions for managing an order...
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      Recommended Practices for Continuous Mass Quoting v1

      190.31 KB 418 downloads July 10, 2007
      Aims to be a guide to implementing the Mass Quotation function for equities, listed...

        Trading

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        IPO Recommended Practices/Guidelines

        396.55 KB 473 downloads January 28, 2015
        Creates a practice that would bring the new issue order placing process in line with...
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        Recommended Practices for the use of FIX by Exchanges Phase 1

        860.54 KB 2024 downloads January 25, 2007
        Provides recommendations for best practices for the usage of FIX by exchanges and...

          Post Trade

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          MiFID II Transparency Subgroup - Brexit Impact

          108.54 KB 258 downloads September 30, 2019
          UPDATE: January 28, 2020 FIX tags for the purpose of MiFID II post trade transparency...
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          Post Post-trade Confirmation Payments Recommended Practices

          1.37 MB 273 downloads August 14, 2019
          Document defines industry practices for common usage of the FIX Protocol for post-trade...
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          Broker Allege and Asset Manager Confirm Request via FIX - Recommended Practices

          423.14 KB 550 downloads February 1, 2018
          This document defines industry practices for common usage of the FIX protocol for...
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          Equity Options via FIX - Recommended Practices

          549.65 KB 348 downloads January 30, 2018
          Defines industry practices for usage of the FIX standard to facilitate parallel implementation...
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          FX via FIX - Recommended Practices

          1.94 MB 1935 downloads May 28, 2016
          Addresses the FIX Protocol for FX Placement, Allocation, and Confirmation/Affirmation...
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          Qualified Vendor via FIX - Recommended Practices

          777.79 KB 327 downloads May 19, 2016
          Includes the FIX Recommended Practices for interfacing with DTC Qualified Vendors. ...
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          Equity Swaps via FIX - Recommended Practices

          1.46 MB 693 downloads April 12, 2016
          Addresses the two primary post-trade workflow types or equity swaps between the buy-side...
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          Common Framework via FIX - Recommended Practices

          1.02 MB 756 downloads March 11, 2016
          Describes the common framework for cross-asset buy-side to sell-side workflow for...
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          Futures via FIX - Recommended Practices

          1.47 MB 930 downloads February 8, 2016
          Addresses the post-trade workflow for futures and options on futures via FIX. ...
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          SEF_FX_FI via FIX - Recommended Practices

          1.39 MB 375 downloads May 5, 2015
          Focuses on the buy-side to sell-side workflow for trades executed on a SEF utilizing...
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          Equity Allocations Via FIX - Recommended Guidelines FIX 42-44 Examples and Notes

          1.18 MB 722 downloads May 4, 2015
          Contains examples associated with Equity Post-trade Processing via FIX, Guidelines,...
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          Equity Allocations Via FIX - Recommended Guidelines v1.2.8

          1.68 MB 643 downloads April 27, 2015
          Defines industry guidelines for a common usage of the FIX Protocol for post-trade...

            Reporting

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            Errata: Recommended Mapping CAT Phase 2A (equities)

            133.99 KB 34 downloads November 21, 2020
            2020/11/19 - Errata version of CAT-FIX Mapping Phase 2A (Equities) messages based...
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            Recommended Mapping CAT Phase 2A (equities)

            132.01 KB 320 downloads January 2, 2020
            2020/01/02 - CAT-FIX Mapping Phase 2A (Equities) messages to FIX messages based on...

              Repos

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              FIX Recommended Practices - Bilateral and Tri-Party Repos - Post-Trade

              626.17 KB 155 downloads April 26, 2020
              This document defines industry practices for common usage of FIX protocol for post-trade...
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              FIX Recommended Practices - Bilateral and Tri-Party Repos - Trade

              723.74 KB 144 downloads April 26, 2020
              The purpose of this document is to define industry practices for common usage of...

                By Asset Class

                Equities

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                Recommended Practices: BCAN ID using FIX for HKIDR

                205.43 KB 158 downloads May 5, 2022
                The FIX Asia Pacific Technical Subcommittee recommends how to communicate a BCAN...
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                Recommended Practices: Hong Kong - Master SPSA

                364.82 KB 30 downloads November 19, 2020
                (Master) SPSA (Special Segregated Account) IDs were introduced by HKEx for the sole...
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                Recommended Practices: Hong Kong SFC Facilitation Trade Consent

                993.74 KB 339 downloads May 13, 2019
                Approved-V0.5: Recommended Practices, produced by the Asia Pacific Exchanges &...
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                Equity Allocations Via FIX - Recommended Guidelines FIX 42-44 Examples and Notes

                1.18 MB 722 downloads May 4, 2015
                Contains examples associated with Equity Post-trade Processing via FIX, Guidelines,...
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                Equity Allocations Via FIX - Recommended Guidelines v1.2.8

                1.68 MB 643 downloads April 27, 2015
                Defines industry guidelines for a common usage of the FIX Protocol for post-trade...
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                IPO Recommended Practices/Guidelines

                396.55 KB 473 downloads January 28, 2015
                Creates a practice that would bring the new issue order placing process in line with...

                  Fixed Income

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                  Best Practices for Bonds

                  9.66 MB 1069 downloads January 21, 2015
                  Focuses on best practices for the cash bond markets, covering the vast majority of...
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                  Best Practices for Bonds - Pre-Trade Indications

                  185.72 KB 666 downloads December 1, 2014
                  Defines a standard for the transmission of Indications - Axes Inventories and Runs. ...
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                  Best Practices for Swaps (Phase 3)

                  7.65 MB 460 downloads May 8, 2014
                  Support for the following workflows has been included as part of Phase 3 of the swaps...
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                  Recommended Practices for Party Entitlement: OTC Markets - Fixed Income Instruments

                  1.63 MB 482 downloads November 5, 2013
                  Provides detailed guidelines for the implementation of party entitlement messages...
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                  Recommended Practices for Party Entitlements - OTC Markets - Swaps

                  4.10 MB 465 downloads August 14, 2013
                  Defines a standard set of guidelines based on Party Reference Data messages for exchanging...

                    Futures

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                    Futures via FIX - Recommended Practices

                    1.47 MB 930 downloads February 8, 2016
                    Addresses the post-trade workflow for futures and options on futures via FIX. ...

                      FX

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                      FX via FIX - Recommended Practices

                      1.94 MB 1935 downloads May 28, 2016
                      Addresses the FIX Protocol for FX Placement, Allocation, and Confirmation/Affirmation...
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                      SEF_FX_FI via FIX - Recommended Practices

                      1.39 MB 375 downloads May 5, 2015
                      Focuses on the buy-side to sell-side workflow for trades executed on a SEF utilizing...
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                      Recommended Practices for Party Entitlements - FX OTC Markets

                      2.37 MB 774 downloads April 30, 2014
                      Defines a standard set of guidelines based on Party Reference Data messages for exchanging...