The FIX Protocol has transformed trading by increasing speed, reducing errors and improving efficiency. It also brings market participants together within a ruthless industry. As someone of a certain age, I can indeed remember a world without FIX. I can remember quite clearly receiving faxes from clients with lists of orders and having to decipher...
Author: FIXTrading Community (FIXTrading Community)
Post
FIX Trading Community announces Release Candidate 3 of FIX Orchestra – the open standard for machine readable rules of engagement for all financial protocols
London, New York, Hong Kong March 13, 2018: FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, today announced the publication of Release Candidate 3 for FIX Orchestra for public review, to help the industry move further towards standardisation and automation of rules of engagement and deliver major efficiencies to...
Post
FIX Trading Community to celebrate 10-year anniversary of EMEA Trading Conference in March 2018
London, New York, Hong Kong, 7th March 2018: FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, today announced that it will be celebrating the 10-year anniversary of the EMEA Trading Conference on 15th March 2018. This year high on the list of topics to discuss are: MiFID II –...
Post
FIX Protocol Enables Pre-Trade Allocation – Global Trading Article
Regulators should recognise the properties of the FIX protocol in their discussions about the merits of introducing pre-trade allocation rules. By Damian Bierman, Global Co-Chair, Asia Pacific Technical Committee, FIX Trading Community, and Head of Asia-Pacific, Portfolio Management & Trading Solutions, FactSet There are already established standards and processes in place for buy-side firms to...
Post
FIX Trading Community FIX EMEA: Ten years of bringing the industry together – bobsguide article
Ten years ago the markets were in the middle of a significant downturn. As of March 2008, the FTSE 100 was at 5776 and the Dow 30 was at 14,237. Both indices had more pain to come, as the full extent of the financial crisis came to light. Of course, after a storm there is...
Post
FIX Releases Cybersecurity Guidelines – Waters Tech article
The FIX Trading Community released new cybersecurity guidelines for FIX-over-TLS (FIXS) standards after concerns were raised over the vulnerability of the Financial Information Exchange (FIX) protocol. FIX—a standard messaging language for most asset classes—set up a subgroup of the Cybersecurity Working Group to develop technical standards for using the Transport Layer Security (TLS) protocol. Discussions...
Post
MIFID II Data Deluge: Why We Need to Collaborate – Best Execution Article
It is now over 2½ years since the first meetings were held by a number of different FIX working groups to review MiFID II topics with the aim of providing guidelines and best practices for market participants. What has become clear since those first calls, was that many participants on the calls were also participating...
Post
FIX Trading Community releases guidelines to help firms meet cybersecurity requirements
London, New York, Hong Kong, 24th January 2018: FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, today announced the release of the FIX-over-TLS (FIXS) standard and guidelines to assist users of the FIX Protocol meet certain security requirements. FIXS is part of a larger programme of work that...