As trading volumes continue to increase and market infrastructure becomes more interconnected, timely and consistent outage communications are playing an increasingly important role in maintaining market resilience.
In a recent interview with Trader TV, FIX Trading Community Executive Director Jim Kaye discusses the industry’s need for a standardised approach to communicating exchange and trading venue outages. The discussion focuses on the new FIX outage communications framework, announced in June, which establishes a common methodology for outage content, classifications and messaging across communication channels.
The framework is designed to help market participants receive, interpret and process information about venue disruptions more quickly and consistently, enabling faster operational responses during market events.
During the interview, Jim explores:
- Why outage communications have become critical for market resilience
- Challenges with existing approaches across the industry
- The steps taken by FIX Trading Community to standardise outage messaging
- The practical benefits for exchanges, venues and market participants
- Key considerations for industry adoption
- The next steps in driving broader implementation of the framework
Watch the full interview to learn more about how industry standards can support greater transparency, consistency and resilience across global financial markets.
