The FIX Asia Pacific Technical Subcommittee recommends how to communicate a BCAN (Broker-to-Client Assigned Number) using FIX fields for Hong Kong ID regime.

MIFID II Data Elements and their Authoritative, Master and Primary Sources Recommended Practice Guideline Document V1.3 published April 14th, 2021

[October 25, 2022] Added missing Appendix 3 (pages are in landscape format)

(Master) SPSA (Special Segregated Account) IDs were introduced by HKEx for the sole purpose of pre-trade checking for sell orders.

This document provides a proposed solution for Master SPSA trade.  This will be a working document that can be updated to refine recommendations as the industry moves into the implementation phase.

The related Extension Pack can be found here: EP262.

Click here to view a Q&A document on MasterSPSA.

The aim of this Recommended Practice document is to not only represent the proposed solution for Master SPSA trade, but also capture feedback and discussion points raised by the industry.

Published by: MarketsMedia

30thJune2020

FIX Trading Community Execution Venue Reporting Recommended Practices

London, New York, Hong Kong, 29 June 2020: FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, announced today an updated release of the Execution Venue Reporting Recommended Practice Guidelines. Originally produced by the FIX Trading Community Global Buy Side
Committee to address inconsistencies in brokers’ execution venue reporting on fills and the nature of the
transaction for each fill. The guidelines have constantly been reviewed and updated to reflect regulatory
requirements.

The latest revision produced addresses changes to Tag29 guidelines to reflect MiFID requirements and the impact
that MiFID was having on determination of whether executions were principal or agency in Tag 29 as well as their
CSA Eligibility. A collaborative exercise which included buyside and sell side participants from around the globe
resulted in a global approach for some values and the identification of regional flavors for others. Additionally,
changes to Tag 851 include new values and the codifying of values already being utilized in the industry.

Click here to listen as Brian Lees addresses transparency and global standards regarding information the buy side
receives from the sell side.

Brian Lees, FIX Global Buy Side Committee co-chair, AVP, Manager, Equity Trading Product Owner, Capital
Group, commented, “This update to the execution venue reporting guidelines is the product of many discussions
and surveys in which we gathered views from both buy and sell side firms. Additional clarity has been added to
the tag 29 guidance which we hope will serve to clarify reporting of broker capacity on each fill.”

The document has been released in draft format to allow for public review and feedback. Please click here to
view the document.

About FIX Trading Community

FIX Trading Community is the non-profit, industry-driven standards body at the heart of global trading.
The organisation is independent and neutral, dedicated to addressing real business and regulatory issues
impacting multi-asset trading in global markets through standardisation, delivering operational efficiency,
increased transparency, and reduced costs and risks for all market participants. Central to FIX Trading
Community’s work is the continuous development and promotion of the FIX family of standards, including the core FIX Protocol messaging language, which has revolutionised the trading environment and has successfully
become the way the world trades.

Click here to view online.

This document defines industry practices for common usage of FIX protocol for post-trade workflows for repurchase agreements (repos) in a bilateral setting.  (version 0.7)

The purpose of this document is to define industry practices for common usage of FIX protocol for Request for Quote (RFQ), Quote and trade messages for repurchase agreements in a bilateral setting. (version 1.0)

Document defines industry practices for common usage of the FIX Protocol for post-trade processing for all asset classes, between buy-side and sell-side that can be use bi-laterally as well as through intermediary facilities.

Approved-V0.5: Recommended Practices, produced by the Asia Pacific Exchanges & Regulatory and Technical Subcommittees to address requirements by the HK SFC which requires prior consent from clients before facilitation trades could be executed by Hong Kong licensed firms. (Updated: 20191119)

Extension Pack 251 – APAC Client Facilitation Extension

This document defines industry practices for common usage of the FIX protocol for post-trade processing, for all asset classes, between buy-sides and sell-sides that can be use bi-laterally as well as through intermediary facilities.