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The governing body of the electronic protocol is proposing higher timestamp resolutions to help firms meet MiFID II trade reporting requirements.
The FIX Protocol for electronic trading may soon support higher timestamp resolution to help market participants comply with the revised Markets in Financial Instruments Directive (MiFID II) for Europe, according to the governing body behind the Financial Information eXchange (FIX) standard. Implementing MiFID II will involve many IT challenges for industry participants, says Kathleen Traynor,...
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