Business Practices
FIX Business Practices are produced to address topics relating to business processes or best practices where not relating directly to the usage or implementation of FIX Standards.
This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License. Note some documents may be listed under multiple headings to aid navigation.
Data & Analytics
FIX Trade Flag Scenarios (European equities) 558.08 KB 571 downloads January 15, 2024
Guidance on trade flag usage for various trading scenarios for equities and equity-like instruments in the UK and EU. …
European Equities Addressable Liquidity Definitions 791.00 KB 169 downloads December 6, 2023
Release of business standards covering definitions of addressable liquidity. The lack of such standards has been a problem for the industry for many years, and improvements to post-trade transparency driven…
FIX MiFID II Data Element Guidelines 454.53 KB 429 downloads April 15, 2021
MIFID II Data Elements and their Authoritative, Master and Primary Sources Recommended Practice Guideline Document V1.3 published April 14th, 2021 [October 25, 2022] Added missing Appendix 3 (pages are…
Asia Pacific Equities IOI Charter 425.32 KB 144 downloads December 10, 2020
A collective of industry associations, ASIFMA, Quorum 15, Asia TraderForum, the FIX Trading Community engaged in a collaborative to established a consistent approach for issuing Indications of Interest. …
FPL Recommended Standards for the Consolidation of Trade Reports and Market Data in Europe 727.60 KB 645 downloads February 6, 2017
This document details the recommended standards for the consolidation of trade reports and market data for European equity markets. These industry-driven recommendations mark an important milestone in…
TCA Best Practices for Equities_including IA comments 1.03 MB 639 downloads January 20, 2017
Further refines ongoing TCA requirements across asset classes. The common goal is to provide the industry with specific guidelines to promote TCA standardization. …
TCA Best Practices for Equities 1.04 MB 1159 downloads January 21, 2014
Develops industry-wide terminology and methodology for Equities, from pre-trade to post-trade analytics. …Risk Management
Recommended Risk Control Guidelines (2012) 306.50 KB 609 downloads January 1, 2012
Provides information around risk management and encourage firms to incorporate best practices in support of their electronic trading platforms. …Trading
Outage Communication Standards 768.93 KB 371 downloads September 28, 2023
The FIX Trading Community (FIX) Equities & Fixed Income Business Practices working groups have been working on standards for the electronic communication of outages between industry participants. This…
FIX Execution Venue Reporting Best Practice Guidelines 439.75 KB 1987 downloads July 22, 2020
Defines the usage expectations for the FIX fields that describe the final destination point of an execution, the capacity of the broker for that execution and the nature of liquidity (added or taken) for…