FIX in the News

INNOVATIONS IN FX TRADING Neena Dholani, Global Marketing and Programme Director at FIX Trading Community explains the evolution, from integration technicalities to tools, data and analytics, of FX trading. For decades, there have been improvements in technology which target front end FX trading. Trading FX, however, is largely bespoke in its implementation, and presents an integration hurdle. Furthermore, the lack...

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ANNAPOLIS, Md.–(BUSINESS WIRE)–The Accredited Standards Committee X9 Inc. (X9) today announced that, as of January 1, 2019, Jim Northey of the FIX Trading Community is the new chair of ISO TC68 – Financial Services. As the only ISO technical committee solely focused on financial industry standards, TC68 plays a key role in the development and adoption of new technologies in...

The Global Post Trade Working Group at FIX Trading Community is currently working to expand the use of the FIX messaging standard into new workflows and processes, namely broadening asset class coverage and enabling FIX to support workflows between asset managers, brokers and custodians. A lack of cross-industry standards allowing counterparties to collaborate has often frustrated attempts to improve efficiency...

By Neena Dholani,Global Marketing Programme Director, FIX Trading Community “Age is no guarantee of efficiency—and youth is no guarantee of innovation.” So goes the conversation in Skyfall, the recent James Bond film, that finds Bond contemplating whether he’s still up to his job while meeting his new, much younger and more technologically-inclined quartermaster. It is a pivotal point, after which the...

FIX is extending its reach with plans to broaden asset class coverage and introduce the FIX messaging protocol into back-office settlement workflows between both asset managers and custodians, and brokers and custodians. These developments are being overseen by the Global Post-Trade Working Group within the FIX Trading Community and are designed to standardise workflows and allow firms already invested in...

“The year 2016 is to the cloud as 1996 was to the internet,” according to a speaker at the New York regional event of the FIX Trading Community, held at Thomson Reuters headquarters in Times Square on October 3. The comment underlines the strongly held opinion, expressed by all key speakers at the meeting, that cloud usage for data storage...

By Jim Northey, Co-Chair Global Technical Committee and Co-Chair High Performance Working Group, FIX Trading Community, and Mao Ting, Senior Manager, China Foreign Exchange Trade System CFETS is keen to work closely with the FIX organization and ISO TC68 to improve standardization in China’s domestic market and share its experiences with the world. The China Foreign Exchange Trade System (CFETS),...

By Sean K. Ristau, Co-Chair Digital Currency/Blockchain Working Group, FIX Trading Community and Director of Exchange Integration and Education, Bcause LLC & Jim Northey, Co-Chair Global Technical Committee and Co-Chair High Performance Working Group, FIX Trading Community. Revenue generated from crypto exchanges could more than double to $4bn this year, according to a recent Sanford C. Bernstein & Co report....

FINRA reminds clients that beginning Monday, August 20, 2018, a change to all FIX trade reporting related to the processing of execution time during Daylight Savings Time (DST) will go into effect. This update affects clients’ transaction reports for all FINRA Multi Product Platform products (MPP), including TRACE, the OTC Trade Reporting Facility (ORF), and The Alternative Display Facility (ADF)....

James Leman, most well know for his input in the development of the Financial Information eXchange (FIX) messaging protocol, passed away unexpectedly. READ MORE