At the recent FIX Regional Event in Paris earlier this month there was one major question to be answered – could CSAs could be used within an RPA? With every CSA provider trying to shoehorn current offerings into the RPA framework, firms wanted to know not only whether the regulators deem this admissible but, just as importantly, whether this is...
FIX in the News
FIX Preps for ARMs Reporting – Market Media article
Industry messaging body FIX Trading Community has added support for transmitting MiFID II transaction reports to Approved Reporting Mechanisms to its protocol, announced the group. For the full article, please click here
FIX – ing issuance – The Desk article
Initial public and debt offerings can be messy affairs, subject to human error and frailty thanks to the largely manual processes. The UK’s Financial Conduct Authority (FCA) is currently investigating the equity primary market for conflicts of interest amongst dealers, after analysis showed they may give preference to investor clients. For the full article, please click here.
Transformational Trends in Asian Trading – Global Trading article
Technology and innovation were the common themes of the 14th Asia Pacific Trading Summit in Hong Kong, as traders and technologists gathered to discuss the issues facing Asian markets. For the full article, please click here.
The FIX Protocol in a Blockchain World – Global Trading Article
For those of us in financial services who have been involved in the world of digital currencies and distributed ledgers (also known as a blockchain), 2015 was the year that this innovative technology finally appeared on the radar of every major bank, broker-dealer, exchange and institutional investor. For the full article, please click here.
Blockchain
The below articles have been suggested for distribution to the Digital Currency Working Group Members: Call for blockchain standards is premature and alarmist. (http://www.coindesk.com/blockchain-standards-alarmist/) ETFs’ argues for a bitcoin fund (http://www.wsj.com/articles/a-new-chapter-for-etfs-spider-woman-1461058202) Blockchain is about to get interesting as trial phases end (http://www.thetradenews.com/Technology/Blockchain-about-to-get-interesting-as-trial-phases-end—Euroclear/) Contributions provided by Steven Schweitzer, News Liaison, Digital Currency Working Group
FIX Trading Community Americas Briefing New York Event Follow Up – Finance Magnates article
One of the most widely used messaging protocols for information exchange in financial markets is FIX, which stands for Financial Information eXchange (FIX), and is maintained by its industry supported non-profit structure under the FIX Trading Community. For the full article, please click here.
OPINION: Dial Down the Blockchain Hype – Markets Media article
The FIX Trading Community held its Americas Briefing on the 14th and like any FinTech event these days, it wrapped up with a blockchain panel discussion. For the full article, please click here.
Bloomberg, SS&C, Omgeo and DTC Plan T+2 Hook-up – FinOps article
Financial firms wanting to use central matching platforms other than industry leader Omgeo to acknowledge their US trade details will no longer have to worry about meeting a two-day settlement cycle in the US. For the full article, please click here.
FIX EMEA Conference 2016 : Key findings – Best Execution article
On 3rd March 2016, the FIX Trading Community held its 8th annual EMEA Conference at its spiritual home, Old Billingsgate in the City of London. By numbers, the day was a huge success – a record of close to 900 delegates from 22 countries spanning Asia, Europe, Africa, and the Americas, featuring 40 high quality speakers, 40 sponsors, 16 sessions....
The Derivatives ID Dilemma: Industry Accord Suggests an ISIN Solution – FinOps article
Is the International Securities Identification Number (ISIN) not fit for purpose for identifying certain types of derivatives, as claimed by some partisans for other identifiers or just “concerned citizens” of the derivatives realm? For the full article, please click here.
FIX Community Sponsors ISIN Study Group – Inside Reference Data article
Industry association is developing recommendations for use of the FIX Protocol in assigning ISIN codes to OTC derivatives on a real-time basis. For the full article, please click here.