Its been 7 years in the making and MIFID 2 finally comes into force this January. One of the guiding principles and an expansion from MIFID 1 is Best Execution . On todays show we’ll talk about Best Execution Reporting with our guest Alex Wolcough a FIX Trading Community Contributor and Director at Appsbroker. http://irpjournal.com/podcast/irp-journal-podcast-4/
FIX in the News
October 24, 2017January 21, 2023
A Long and Detailed Checklist – Best Execution article
The FIX Trading Community established a number of MiFID Working Groups in May 2015. With just a few months of the year remaining, Tim Healy, Global Marketing and Communications Director, provides an update on FIX’s MiFID II initiative. What have been the areas of focus for the FIX Trading Community? In May 2015, the EMEA Regulatory Subcommittee looked at specific...
October 20, 2017January 21, 2023
FIX issues guide for MiFID II reporting of bond trades – The Desk article
FIX Trading Community, which sets the messaging standard for trading messages sent between buy-side and sell-side firms, has published the final Recommended Practices for Best Execution Reporting, ahead of MiFID II’s January 3 implementation date. The report provides guidance on how to populate the reports required under MiFID II, addressing the three main reporting requirements: II RTS 27, RTS 28,...
October 19, 2017January 21, 2023
FIX Standardizes MiFID II Best Execution Reporting – MarketsMedia article
The FIX Trading Community, the non-profit, industry-driven standards body has released guidelines on best execution reports under new regulations which should simplify aggregation and make the data more useful. MiFID II, the regulations coming into force for financial markets in the European Union in January 2018, introduces new requirements for reporting best execution across asset classes under two standards –...
October 13, 2017January 21, 2023
Tackling the Hot Topics: FIX Nordic Trading – article by Baymarkets
Tackling the Hot Topics: FIX Nordic Trading Briefing 2017 By Peter Fredriksson – CEO of Baymarkets Technology, Sweden Last month saw the return of the FIX Trading Community’s Nordic Trading Briefing to Sweden, the largest FIX event in the Nordics and now firmly established as a key date on the industry’s calendar. This year’s line-up also attracted record attendance –...
October 6, 2017January 21, 2023
ISO Technical Management Board (ISO TMB) approves Jim Northey, FIX Global Technical Committee Co-chair representing the Americas, as the next TC 68 Chair- Linked In post
We learned last week that the ISO Technical Management Board (ISO TMB) that has approved Jim Northey, the FIX Global Technical Committee Co-chair representing the Americas, as the next ISO TC68 Chair. Jim previously served seven years as FIX Americas Regional Committee Co-chair and was the initial Chair of the Global Derivatives Committee. Jim will serve as ISO TC68 Chair Elect in 2018...
September 9, 2017January 21, 2023
MiFID II ‘Best Ex’ to Spread Globally – MarketsMedia article
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 obtain the best possible result...
August 22, 2017January 21, 2023
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 events throughout the US, Europe,...
July 16, 2017January 21, 2023
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 implementation is out of the...
July 11, 2017January 21, 2023
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 of the FIX MiFID II...
July 7, 2017January 21, 2023
FIX Orchestra, the Full Stop at the End of FIX and What That Means for You
June 13, 2017January 21, 2023
Developments In The World Of FIX – Global Trading article
Now that Quarter 1 is ticked off the calendar, of course the countdown continues in earnest to January 2018 and the go-live date for MiFID II compliance. Read more hereNow that Quarter 1 is ticked off the calendar, of course the countdown continues in earnest to January 2018 and the go-live date for MiFID II compliance. The FIX MiFID working...