FIX Trading Community Partners with Global DCA The FIX Trading Community, a standards body for transacting securities via the electronic Financial Information eXchange (FIX) protocol, will be working with the Global Digital Asset and Cryptocurrency Association (Global DCA) to create standards for trading digital assets, officials confirm. Both groups “recognize that their complementary efforts can… Read More >>
FIX Group Updates Standard for Counterparty Onboarding
The FIX Trading Community, a standards body for the electronic trading protocol, has just published for public review the Release Candidate 3 for FIX Orchestra, an upgrade of a standards initiative for the counterparty onboarding process, covering the exchange of metadata that governs the behavior of FIX applications. The effort is intended to bolster support… Read More >>
Cybersecurity Comes to the FIX Protocol
The FIX Trading Community, the standards body behind the Financial Information eXchange electronic trading protocol, is taking on cybersecurity via the release of the FIX-over- the Transport Layer Security (TLS) (FIXS) standard and guidelines. The effort is to help users of the FIX Protocol meet security requirements “as it introduces a basic level of security… Read More >>
Ipreo Applies FIX to Fixed Income Workflows
Ipreo Pulls Together an Industry-Led Effort Ipreo, a market intelligence and workflow solutions vendor, is embracing the FIX Protocol to help end-users optimize and streamline fixed income deal workflow. The results of Ipreo’s efforts is the industry-led initiative, the Ipreo Investor Access platform, which has the capability to electronically submit fixed income orders directly to… Read More >>
CloudMargin & SmartDX Tackle the Variation Margin Rule
Variation Margin Rule Takes Effect March 1 CloudMargin, at web-based collateral and margin management solution, and SmartDX, which provide trade and relationship document generation, collaboration and processing announced that they have partnered to address the daily variation margin (VM) rule that goes into effect March 1 in the European Union, United Kingdom, United States and… Read More >>
FIX Guidelines Target Buy-Side Post-Trade Woes
While the FIX Trading Community has just released a set of guidelines for the use of FIX in post-trade processing that targets trade breaks and slow resolution times, the standards body for the electronic protocol is open to suggestion. Industry participants can make recommendations to these guidelines covering multi-asset classes and a common post-trade framework… Read More >>
New FIX Version Supports Nanosecond Connections
A version of the FIX electronic trading protocol that supports high-performance transactions and data feeds is officially launching via the FIX Trading Community standards body, in an effort to help securities firms keep up with high-speed hardware, software and network connections. The standards body is releasing “a standard, non-proprietary binary message encoding” upgrade, dubbed the… Read More >>
FIX to Get Extensions for MiFID II Compliance
The FIX protocol is being modified to provide mappings to the ISO 20022 data standard required for trade reporting to European authorities, and a forthcoming FIX version will support Market Model Typology (MMT) 3.0, intended to facilitate MiFID II compliance, according to the FIX Trading Community standards body. MiFID II transaction reporting extends the reporting… Read More >>
FIX Group Backs ISO OTC Identifier Effort
The FIX Trading Community is throwing its support behind a standards-creation effort that would assign identifiers to over-the-counter (OTC) derivative instruments as mandated by the Markets in Financial Instruments Directive/Regulation (MiFID II) requirements. The non-profit body behind the FIX electronic trading protocol is sponsoring a study group of the International Organization for Standardization (ISO) that… Read More >>
Ops Gets on the Blockchain Revolution Bus
Bitcoin, a so-called crypto-currency, may fade before anyone really understands what it was or how it could actually have prevailed in financial services. However, out of Bitcoin’s ashes has risen the humbly named Blockchain technology. The distributed ledger technology that has been propping up Bitcoin has come to the attention of major industry players. This… Read More >>
