Author: FIXTrading Community (FIXTrading Community)

London, New York, Hong Kong, 8th June 2020: FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading is pleased to announce the recent election of two new FIX Directors and the re-election of a current director. Please click here to view all of the FIX Directors. Re-Elected: Emma Quinn,...

FLEX Delta Adjusted at Close PUBLISHED BY: FINANCEFEED 27May2020 DAC orders are limit orders for FLEX options that execute intraday and receive a delta-adjusted price based on that day’s official closing price of the underlying security or index value. Cboe Options Exchange (C1) is set to introduce a new order type, FLEX Delta-Adjusted at Close (DAC),...

As COVID-19 has unearthed some of the inefficiencies and problems in the financial services space, industry experts discuss the current challenges in clearing and settlement and how these processes can be enhanced The global pandemic has shaken up many industries and has caused market volatility in the financial services space. In particular, this has shone...

ByEditors, Regulation Asia Published on 12th May 2020 The paper highlights the benefits of moving to a more centralised data strategy, including cost reduction, risk reduction, and the ability to better use data to drive value. Industry initiatives such as the FIX Protocol and the introduction of LEIs show that standardised approaches to data governance can be...

Early adopters of back office efficiency gain an edge, but the industry needs wholesale change through standardisation. When financial services shifted to remote workingwhile also dealing with increased market volumes in response to the global impact of Covid-19, it put the spotlight on operational efficiency and the need for increased automation and standards. Outdated, manual...

The Regulators have wanted an industry led Consolidated Tape, but it hasn’t happened. Neena Dholani, Global Marketing Programme Director, FIX Trading Community explains why. Some of the reasons why Consolidated Tape providers have not emerged include the lack of financial incentive for running a consolidated tape, the overly complex and strict regulatory environment, competition among...

The new feed will provide the framework to support new data types that the broker plans to make available later this year. London-based inter-dealer broker TP Icap has unveiled a new FIX protocol-based datafeed, dubbed Surfix, which will serve as the broker’s flagship delivery mechanism for all of its existing real-time data products, as well as...

The new date for the FIX EMEA Trading Conference is 18 September, after it was postponed due to the coronavirus pandemic. By Hayley McDowell The FIX Trading Community has said it’s EMEA conference will go ahead in September, after organisers were forced to postpone the event due to the coronavirus pandemic. Originally due to take...

In 2007, a historic document landed on the desks of leaders around the globe. The Intergovernmental Panel on Climate Change, assembled by the United Nations Environment Programme and the World Meteorological Organization, had published a report providing scientific data showing that it was “very likely” that human action was directly linked to climate change. The...