TrueEX, a swap execution facility (SEF), JPMorgan and the Royal Bank of Scotland (RBS) have launched the trueFIX automated execution and processing solution for U.S. dollar, Euro and U.K. Sterling swaps that will work with the FIX-based confirmation and affirmation protocol extensions from the FIX Trading Community. The FIX Trading Community is the governing body behind… Read More >>
FIX May Get New Timestamps for MiFID II Compliance
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,… Read More >>
DTCC Debuts ‘Data as a Service’ Offering
DTCC Debuts ‘Data as a Service’ Offering Post-trade services utility, the DTCC is launching its data as a service (DaaS) offering that is intended to change the way data is accessed and presented from DTCC’s clearing, settlement, asset servicing and derivatives trade reporting solutions, DTCC officials say. “The DaaS offering provides subscribers access to their… Read More >>
Daiwa Securities Embraces FIX-based Middle Office Solution
Ullink, a provider of electronic trading and connectivity solutions for the financial services industry, reports that Japan’s Daiwa Securities has picked its FIX protocol based middle office solution, UL Middle, for its Asia-Pacific equities electronic trading operations. UL Middle is a “scalable and flexible solution [that] will extend Daiwa Securities’ use of FIX to fully-automate… Read More >>
SETL Hits Milestone via Internal Test of Blockchain Network
SETL, a recent fintech startup that means to apply virtual network Blockchain technology to financial services settlements, reports that its internal test network has “broken the 1 billion transactions-per-day capacity barrier.” The announcement comes as the FIX Trading Community, the messaging standards non-profit formed in 1998, reports separately that it has formed a working group… Read More >>
FIX Standards Body to Explore Blockchain, Digital Currency
The FIX Trading Community, the standards body for the Financial Information eXchange electronic trading protocol, is embracing digital currencies and Blockchain technology initiatives with the formation of a new working group whose mission is to identify, analyze and define use cases and integration points for digital currency and distributed ledger technologies. The working group has… Read More >>
FIX Group Pushes Best Practices for Bond Trading
The FIX Trading Community, a non-profit, industry-driven standards body, has announced the creation of a set of recommended best practices for the use of FIX electronic trading standard to exchange pre-trade information in the bond markets, officials say. The Global Fixed Income Subcommittee members are currently reviewing the draft and expect a final release later… Read More >>
FIX Group Guides Shanghai-Hong Kong Connections
FIX Trading Community, a non-profit, financial-industry-driven standards body that is the proprietor and steward of the Financial Information eXchange (FIX) protocol language, reports the publication of an implementation guide for the Shanghai-Hong Kong Stock Connect project. The Shanghai-Hong Kong Stock Connect project will “allow global investors to trade Shanghai ‘A’ shares via the Hong Kong… Read More >>
A New Warrior in the FIX-for-Post-Trade Crusade
Meet Alpha Omega Financial Systems, a new warrior in the FIX-for-post-trade crusade. The San Francisco-based startup is driven by the belief that the FIX protocol will eliminate manual systems and deliver new efficiencies to operations. The company argues that firms can cut their post-trade costs for equity transactions by 30% if they extend their FIX-based… Read More >>
QuickFIX Creators Honored
Electronic marketplace vendor Connamara Systems and an engineering team from software and technology provider Thoughtworks have been honored with awards from the FIX Trading Community standards group for their roles in establishing the QuickFIX Open Source Project. The FIX Trading Community is recognizing Connamara and Thoughtworks for the impact their efforts had upon the global… Read More >>
