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...
Has the financial services landscape already changed following MiFID II implementation? – bobsguide article
December 22, 2017January 21, 2023
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...
December 21, 2017January 21, 2023
Simple Binary Encoding for high performance market data interfaces – Automated Trader article
The FIX Trading Community realised that its message encoding was no longer fit-for-purpose for high-performance trading. It came up with the Simple Binary Encoding (SBE) standard to balance the needs of latency versus bandwidth utilisation. We look at how the market data interfaces at the CME Group were implemented with SBE. Nowadays, a large proportion of trading decisions are made...
December 15, 2017January 21, 2023
New Extension Packs published for MiFID II enhancements
In our continuous efforts to enhance the FIX standard to support MiFID II, EP237 (MiFID II and MiFIR Extensions Part 4) and EP238 (ESMA RTS 2 Segmentation Criteria) have been officially published to the Extension Pack page. Additionally EP239 (AllocationInstructionAlertRequest Proposal) has also been published, introducing a new FIX message type. FIXimate is updated to correspond with the above publication...
December 12, 2017June 20, 2023
Historical discussion posts available now
The migration of historical discussion topics going back to 2004 is now available on our Forum page. These old topics can be responded to, searched, etc., just like any of the new posts.
December 12, 2017January 21, 2023
MiFID II Opportunity For Buyside Dealers – Markets Media article
Huw Gronow, head of dealing at Newton Investment Management and co-chair of FIX Trading Community’s EMEA investment management subcommittee, said new regulations in the European Union offer a good opportunity for buyside dealing desks to add value to the investment process through using execution data. Gronow spoke on a panel last week at the London regional briefing for the FIX...
December 11, 2017January 21, 2023
FIX Industry Panel: Tech Versatility Must Rise with MiFID II, CAT’s Wild Arrival – Traders Magazine article
This winter’s regional FIX Trading Community briefing, hosted by Morgan Stanley in New York, brought out veteran technology experts and raised fresh questions as the industry stares down twin-barreled trade reporting mandates on both sides of the Atlantic—with MiFID II’s imminent January 3, 2018 go-live date, and deepening drama behind a missed November 15milepost for the US Consolidated Audit Trail,...
November 15, 2017January 21, 2023
FIX Trading Community releases Recommended Practices for Commission Unbundling as required by MiFID II
FIX Trading Community releases Recommended Practices for Commission Unbundling as required by MiFID II Providing definitive guidelines to assist firms with unbundling prior to January 2018 London, New York, Hong Kong, 15th November 2017: FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, today releases Recommended Practices for Commission Unbundling as required by MiFID...
November 14, 2017January 21, 2023
FIX Americas Industry Briefing 2017: In Search of the Flux Capacitor – Traders Magazine article
From the improbable upside-down plane scene in ‘Flight’ to musing over the state of the Markets in Financial Instruments Directive (MiFID) in the future of ‘Bladerunner 2049’, this year’s FIX Trading Community event in Boston kicked off with references to the cinematic. But it was the keynote speaker’s analogy borrowed from ‘Back to the Future’—and, specifically, mention of the flux...
October 30, 2017January 21, 2023
Best Execution Reporting – IRP Journal Podcast
Its been 7 years in the making and MIFID 2 finally comes into force this January. One of the guiding principles and an expansion from MIFID 1 is Best Execution . On todays show we’ll talk about Best Execution Reporting with our guest Alex Wolcough a FIX Trading Community Contributor and Director at Appsbroker. http://irpjournal.com/podcast/irp-journal-podcast-4/