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 >>
Can the U.S. Catch up to Europe in the T+2 Race?
What if the FIX electronic trading protocol gains ground in Europe as a unifying link for trade affirmations between the front and middle offices as Steve Grob, director of group strategy for the Fidessa Group, the subject of a Q&A for FTF News this week is suggesting? If he’s right, could Europe outpace the U.S…. Read More >>
Could FIX Help Firms Avoid Fines for Slow Settlement?
(Editor’s Note: Using the FIX electronic trading protocol for trade affirmations could ease some of the burdens of shortened settlement cycles, and may prevent fines for European firms facing new requirements for faster settlement, says Steve Grob, director of group strategy for London-based electronic trading platform and services vendor Fidessa Group. Over the past year,… 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 >>
2013: The Year in Ops
Last year was one of two steps forward and one step back as far as post-trade operations. As in previous years, regulatory overhauls particularly for over-the-counter (OTC) derivatives drove operations for the industry while there were some interesting disruptions such as the emergence of FIX for post-trade efforts. What follows is my interpretation of the… 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 >>
FTF News Magazine: Summer 2012
Download the Summer 2012 issue of FTF News Magazine to read about: FTF News’ Person of the Year: Keeping up with XSP’s Brendan Farrell OMS players breaking into the middle- and back-offices J.P. Morgan’s push for best practice guidelines to help sort out diverse commercial data models How Loomis Sayles is bracing for the OTC… Read More >>
Tech Spotlight: FIX and Post-Trade Ops, Part 2
(In this second installment of a two-part series about the FIX electronic trading and messaging protocol, FTF News focuses on the FIX Protocol Ltd. (FPL) and its expansion of FIX into the realm of post-trade processing. In a Q&A with FTF News, Brian Lees, an assistant vice president, and software development manager for The Capital… Read More >>
