Public Comment Period ends 25th June 2021

Update date: 01/2020

2017 MMT Progress Report

An introductory presentation to the Market Model Typology initiative.v3.04

UPDATED: 11/2017

This Extension Pack introduces a new field to facilitate an explicit distinction between automated and manual trades in support of sell-side’s requirements found in the Market Model Typology (MMT) version 2.2.

Update History

[Updated 2015-08-17] Revised the FIXML Schema and FIX Repository to reflect changes in EP161, EP169 and EP170.

[Updated 2014-12-13] Updated FIXML Schema and FIX Repository due to correction of FIXML issue in EP182.

This Extension Pack provides enhancements to FIX to support the MMT requirements established by the FESE for data consolidation. [UPDATED 2013-12-09] Updated FIXML Schema and FIX Repository due to updates to resolve issues found in the base FIX 5.0 SP2, EP105 EP106 and EP162.

The MMT was developed through the collaborative efforts of exchanges, MTF’s, market data vendors and trade reporting venues as a means of standardizing post-trade data reporting. MMT enables translation between the trade types of a continuous trading platform (RM’s, MTF’s, etc.) with the standard OTC trade conditions recommended in article 24 of (ESMA/CESR10-882).

The MMT Initiative is open to all industry participants to support the idea of one standard and has been developed by experienced professionals ranging from equity market operators, reporting venues and data vendors. It is intended that the delivery of the MMT will facilitate the delivery of a European Consolidated Tape regardless of whether it is delivered by a single provider or by multiple providers delivering consistent but competing consolidated tape solutions.

Update History

[Updated 2015-08-17] Revised the FIXML Schema and FIX Repository to reflect changes in EP161.

[Updated 2013-12-09] The FIXML Schema and FIX Repository files have been updated for the following changes: an update to the base FIX 5.0 SP2 (See 20131209 Errata Release Notes); an update to EP105 to correct an issue with incorrect coding of UndInstrmtGrp and InstrmtLegGrp components in the Repository; an error in EP106 and EP162 was corrected to resolve FIXML Schema validation issues with components assigned to incorrect component categories.

[Updated 2013-09-26] Revised the FIXML Schema and FIX Repository to reflect changes in EP161.

[Updated 2013-02-27] The ASBUILT document is the finalized document corresponding to the published FIXML Schema and FIX Repository. It has been updated to correct minor typographical errors and no changes were made to previously assigned values.