The FIX Trading Community, which characterizes itself as the non-profit, industry-driven standards body at the heart of global financial trading, reports the extension of the trading enablement standard initiative (TESI) to include foreign exchange (FX) client enablement. TESI uses FIX electronic communications protocols to “manage the complex process of enabling clients on fixed income trading… Read More >>
Special Report: FIX Moves Into Post-Trade Processing
Buy- and sell-side firms are reassessing their post-trade infrastructures and looking for cost-effective ways to streamline operations. Firms are finding a new ally in their post-trade quest: the venerable FIX protocol, which is extending nicely from the front office into middle office functions. Technology vendors and service providers are moving fast to meet a growing… Read More >>
Bloomberg Hires from Bridgewater for Security Chief as FIX Trading Community Revamps
Former Bridgewater Security Chief Moves to Bloomberg News and market data giant Bloomberg has named Paul Wood, the former chief information security officer at investment firm Bridgewater Associates, as its chief risk and compliance officer, officials say.For the newly created role at Bloomberg, Wood will oversee all risk, corporate compliance, client data security, and security… Read More >>
Could FIX Disrupt Post-Trade Processing?
Buy-side firms and vendors in the U.S. are exploring extensions of the FIX protocol to post-trade processes. But stretching FIX in this way will stir up battles over standard and proprietary protocols and whether post-trade processing should be done locally among firms or through a centralized matching system. The outcome of these battles may determine… Read More >>
