The enhanced requirements to evidence best execution under new European Union regulations will spread to the US and Asia as clients will demand more detailed pre-trade and post-trade data. Under MiFID II, the regulations coming into force in the EU at the beginning of next year, an investment firm must take “all sufficient steps” to...
Author: FIXTrading Community (FIXTrading Community)
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Coming to a city near you soon – Linked In post
The FIX Trading Community is well known for its work in the world’s major financial centres and has been steadily working away in these regions with the aim to harmonise the financial industries globally. Events play a key role in our efforts to bring communities together, and this year has been busier than ever with...
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Fixed income trading focus | Beyond MiFID II – Best Execution article
Sassan Danesh, Co-Chair, OTC Products Committee, FIX Trading Community outlines what he sees are the priorities for buyside global heads of trading in a post-MiFID II landscape. With preparation for MiFID II now well and truly underway, this article looks at three trends that will likely pre-occupy buyside trading desks in 2018 once MiFID II...
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MiFID II: The debate is over, now is the time for action – Bobsguide article
On 29th June, the FIX Trading Community held its summer London regional event kindly hosted by BNP Paribas, bringing together market participants to debate hot topics affecting the industry. And of course, there is nothing more pressing at the moment than the looming MiFID II deadline. The evening started off with an update from some...
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Professional Standards Within The Electronic Trading Industry – Global Trading article
As the speed and complexity of automation rises, market participants have a duty to ensure that they pursue and maintain best practices. Most professions have a set of ethics that guide behaviour – think of the Hippocratic Oath for doctors. In the absence of similar guidelines for our occupations in the hectic world of electronic...
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Fixed-Income Trading Operations Catch Up – Intelligent Trading Technology article
Fixed-income trading operations may be as much as 15 years behind equities trading operations, but they are catching up quickly, according to executives in the field who spoke at the FIX Trading Community’s Americas Trading Briefing in New York on April 26. “All the advancements in technology, the transfer of information and the execution of...
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FIX Orchestra – Best Execution article
Anyone that has worked with the FIX Protocol will appreciate that, whilst it is a technical protocol, the human interaction in configuration, testing and certification of a FIX connection is absolutely vital. The protocol itself was borne out of a business need over 20 years ago by traders and technologists with an explicit requirement to...
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Industry Looks to Formalize FIX Ecosystem – Markets Media article
The English prose specifications published by the FIX Trading Community for its engine are being translated into mathematically precise language in order to encourage the industry to formalize the rules and algorithms that run increasingly complex financial markets. The FIX family of standards is run by the non-profit FIX Trading Community, whose members represent all...
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“There’s a large set of MiFID II requirements coming to the community, so it’s important to understand the FIX standards” Bobsguide article
Hanno Klein is Senior Vice President at Deutsche Börse Group which also provides the technology for Eurex, its main derivatives exchange. He joined the company in 1997 and worked in various positions and projects of strategic and operational nature in Germany and the USA. From 2001 to 2005, he served as Vice President of Deutsche...
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ESMA Says Implement MiFID II with Draft Rules, FIX Calls for Clarity – Data Management Review article
If you missed the FIX EMEA event last week, there is something you need to know – while the final details of Markets in Financial Instruments Directive II (MiFID II) have not yet been ironed out and the directive’s final rules are not yet published in the Official Journal of the European Journal, there is...