Voluntary trade flags developed by the FIX Trading Community haven’t seen the take-up that the group hoped, members told Global Trading, with UK-EU reporting consistency held back by a lack of investment in non-obligatory changes.
Ahead of the consolidated tapes (CT) being introduced in the UK and Europe, FIX has released a fifth iteration of its Market Model Typology (MMT 5.0). This includes new voluntary flags, which FIX says “serve as a further transparency enhancement besides the regulatory framework as well as reducing the regulatory divergence between the EU and UK where possible.”
