Global Technical Committee Update

Please follow this blog for the latest updates on Global Technical Committee (GTC) efforts, technical initiatives, and technical standards development. From time to time we will include articles by guest contributors from the FIX Trading Community and the rapidly changing world of financial and regulatory technology. We hope to communicate the overall direction and evolution of the FIX standard.

Comments and questions related to topics contained in the GTC blog can be raised on the Forum under the General Q&A category.

EP259-EP264 added to FIX Latest

The FIX Global Technical Committee (GTC) announces the addition of six new Extension Packs to the FIX Latest specification, the normative specification of the FIX application layer. The artefacts for the individual Extension Packs described below are available here. New Extension Packs EP253 Extensions for CAT/FIX Mapping This extension pack has actually already been published but needed to be republished due to...

Continue Reading...

FIX Session Protocol submitted to ISO

The FIX Global Technical Committee (GTC) is pleased to announce the submission of the FIX tagvalue encoding standard and the FIX session layer standard (including session testcases) to the International Organization for Standardization (ISO) for standardization. The submission has been made to the ISO/TC68/SC 9 subcommittee (Information exchange for financial services) as a Draft International Standard (DIS). ISO 3531 has been...

Continue Reading...

FIX Online Specification updated to FIX Latest

The FIX Global Technical Committee (GTC) is proud to announce the addition of all 258 Extension Packs to the FIX Latest online specification. FIX Latest is the first official release of FIX since FIX Version 5.0 Service Pack 2 (FIX 5.0 SP2) was released in 2010. FIX Latest makes available the use of all application layer messages over the FIX4...

Continue Reading...

Extension Packs now with Orchestra XML File

The FIX Global Technical Committee (GTC) is proud to announce the availability of a FIX Orchestra XML file with every Extension Pack (EP) starting with EP255. The file follows Version 1.0 of the new FIX Technical Standard FIX Orchestra published in February 2020 (https://staging.fixtrading.org/standards/fix-orchestra/). It is a metadata standard that defines all elements of a messaging application as well as...

Continue Reading...

UPDATE: FIX Online Specification

The FIX Global Technical Committee is happy to announce an update to the baseline version of the normative FIX Specification, initially published under https://staging.fixtrading.org/online-specification in early December 2019. The update includes a number of enhancements described below. It does not yet include Extension Packs beyond EP97 but is intended to facilitate the understanding of FIX concepts and enhance navigational support inside...

Continue Reading...

The Orchestra has begun to play….

The FIX Global Technical Committee (GTC) is proud to announce the availability of Version 1.0 of the new FIX Technical Standard FIX Orchestra. It is a metadata standard that defines all elements of a messaging application as well as the syntax for the rules that govern these elements. The term FIX Orchestra file stands for the physical representation of an...

Continue Reading...

FINRA drops support of CTCI Protocol for TRACE and ORF, FIX Protocol recommended

Any clients, including Service Bureaus, that currently utilize CTCI and wish to continue to deliver electronic transactions should migrate to the FIX Protocol by Monday, 3rd of February 2020. FINRA announced their termination of CTCI protocol (CTCI/TCP; CTCI/MQ) support for both TRACE and Over-the-Counter Reporting (ORF) transaction reporting in August 2018, for more information please click here. Supporting Documentation: FINRA...

Continue Reading...

FIX Online Specification has been published

The FIX Global Technical Committee is happy to announce that the normative FIX Specification has been successfully refactored on the basis of FIX Version 5.0 Service Pack 2 Volume 1 – 7 and is now published under https://staging.fixtrading.org/online-specification. It is the starting point for the inclusion of the large number of Extension Packs that have been published since FIX Version 5.0...

Continue Reading...

High Performance FIX for the Web Era – White Paper

The Fintech revolution spawned by alternative payment mechanisms and the creation of cryptocurrencies and Initial Coin Offerings (“ICO”) has produced a proliferation of new web-based systems. Firms attempted to bridge the gap with REST APIs that software developers are familiar with, but a synchronous request/response architectural style is a poor fit for bidirectional communications needed for trading. Therefore, cryptocurrency venues...

Continue Reading...

Sharing FIX Resources in GitHub

The Village Green Three years ago, the Global Technical Committee decided to open up FIX technical efforts to a wider audience. We wanted to expand awareness of FIX protocols among software developers in the financial industry, and also to solicit their input and contributions. GitHub is the village green for software developers throughout the world, especially for open-source projects. (Its...

Continue Reading...

FINRA to Change to FIX Execution Time Trade Reporting

Effective Monday, August 20, the Financial Industry Regulatory Authority will require a change to all FIX trade reporting related to the processing of execution time during Daylight Savings Time (DST) changes. This update affects firms’ transaction reports for all FINRA Multi Product Platform products (MPP), including TRACE, the OTC Trade Reporting Facility (ORF), and The Alternative Display Facility (ADF). Currently,...

Continue Reading...

Holiday Greetings from the GTC

We would like to wish you all happy holidays and season greetings from the FIX Global Technical Committee leadership. The main FIX holiday mailing listed the accomplishments of the Global Technical Committee (“GTC”), so we have chosen to look forward to 2018. May your stockings be full of MiFID II Compliance using the enhancements to FIX. Remember you can use...

Continue Reading...