The FIX Trading Community has called on the UK’s Financial Conduct Authority (FCA) to take decisive action in improving post-trade transparency as part of its Consultation Paper CP25/20. The consultation, focused on the systematic internaliser (SI) regime for bonds and derivatives and accompanied by a discussion paper on equity markets, has prompted FIX to highlight...
Month: September 2025
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FIX Calls For Better Post-Trade Transparency In FCA Consultation
The FIX Trading Community, the industry association that manages the world’s trading language, the FIX Protocol, has called for greater post-trade transparency in its response to the Financial Conduct Authority’s Consultation Paper CP25/20: The SI regime for bonds and derivatives including discussion paper on equity markets. FIX Executive Director, Jim Kaye, said the discussion paper section was...
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FIX urges FCA to tackle duplicate trade reporting, NPFTs
The FIX Trading Community has responded to the FCA’s consultation paper on the SI regime for bonds and derivatives, calling for legacy issues to be addressed to improve post-trade transparency. The FCA’s paper focuses on the SI regime for bonds and derivatives, with questions on equity markets included to inform an upcoming 2026 consultation on...
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Budgets curtail MMT voluntary flag take-up, FIX says
Voluntary trade flags developed by the FIX Trading Community haven’t seen the take-up that the group hoped, members told Global Trading, with UK-EU reporting consistency held back by a lack of investment in non-obligatory changes. Ahead of the consolidated tapes (CT) being introduced in the UK and Europe, FIX has released a fifth iteration of...