In February 2018 the HK SFC published a circular specifying that prior consent was required from clients before facilitation trades could be executed by HK licensed firms. The recommended practice document represents the proposed solution for facilitation trade consent. Please click here to access the document.
Month: August 2019
Post
Concepts-Part5-Service-Offerings-And-Session-Configurations
Orchestra Concepts Part 5: Service Offerings and Session Configurations The Orchestra Interfaces schema provides a standardized way to specify service offerings and configure sessions for connectivity. Overview Every system that allows customers or partners to connect uses some stack of communications protocotols. Those protocols must be specified to the peers in order to establish connectivity....
Post
Concepts-Part4-Actors-And-External-States
Orchestra Concepts Part 4: Actors and External States Messages convey information from one participant to another. Their actions and responses also depend upon persistent state information that can be defined in Orchestra. Overview The participants in a service play different roles. In FIX, the terms Party and PartyRole are very common. With respect to a...
Post
Concepts-Part2-Workflow-and-Scenarios
Orchestra Concepts Part 2: Workflow and Scenarios In addition to message structures, an Orchestra file can also convey the workflow, or expected message exchange behaviors of a service offering. Scenarios are the key to Orchestra’s power. Overview A session in FIX or other financial industry protocol involves an exchange of application messages of various types...
Post
Consolidated Tape Will Not Make Data Cheaper
Market data consumers will still have to buy feeds from the providers, says FIX co-chair. Even if a European consolidated tape is built, trading participants will still have to buy market data feeds from the data vendors, says Matthew Coupe, co-chair of the EMEA regional committee and EMEA regulatory subcommittee at industry body FIX Trading...
Post
Post Post-Trade Confirmation Payments
The post trade working group has recently worked to address the heavily manual and fragmented process for periodic payments and cash flow operations management. Through a collaborative effort with industry participants working group members produced recommended practices and submitted extensions to the FIX Protocol. Please click here to view the recommended practices and here to...
Post
MOST (Monitoring, On-boarding and Software Testing) Working Group
MOST working group will focus on developing recommended practices for monitoring, on-boarding and software testing of FIX related financial applications, as well as, develop technical guidelines to measure quality and reliability of platforms. The group seeks specialists primarily involved in technology with skills in software development, monitoring, onboarding and testing. Additionally, the group will collaborate...
Post
A FIX to the Post-Trade World
A FIX to the Post-Trade World Traders Magazine Online News, August 9, 2019 Tom Jordan At the FIX Trading Community event in Chicago on July 25, 2019 hosted by Itiviti at The Library at 190 South LaSalle, a panel of five professionals from a large asset management firm, a large bank and technology providers were...
Post
FIX Sets Standard For Periodic Payments
Some firms have already started working towards the new FIX Trading Community standard for periodic payments which aims to increase efficiency and reduce errors. Laurence Jones, co-chair of FIX Trading Community’s global post-trade working group and director, post-trade strategy at Traiana, part of CME Group, told Markets Media that the non-profit, industry-driven body was originally...
Post
Consolidated Tape Working Group
The EU and ESMA are keen on pursuing the creation of a consolidated tape. ESMA has produced a consultation document which poses a number of questions around the provision of a consolidated tape and the technical standards that could be adopted. The first task for this working group will be to formulate a response to...
- 1
- 2