FIX in the News

A World Without FIX – Global Trading article

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 what they said, calling back...

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How FIX is changing post-trade FX for the sell-side – JD Supra article

Post-trade FX activities have been dramatically simplified by the FIX interface, allowing sell-side participants to navigate challenges such as liquidity fragmentation and to reduce total cost of ownership (TCO). The FIX protocol has been widely used in equity and fixed income, but is now increasingly popular, and powerful, in the FX world. Recent FX developments, such as MiFID II and...

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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 communicate share allocations to their...

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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 started in 2015 with the...

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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 in other working groups with...

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Has the financial services landscape already changed following MiFID II implementation? – bobsguide article

With any and all significant legislation, the industry have voiced their opinions on MiFID II as the deadline came and went. The concerns, challenges and expectations from various industry leaders have been collated below. Yesterday, January 3, marked the seven year wait for the sequel legislation that builds upon the groundwork laid out by the Markets in Financial Instruments Directive...

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