Great discussions at our FIX Fast Track sessions: How do we govern and control agentic AI systems in trading? And what does the future of financial infrastructure look like?

Our first session explored how agentic AI fits within the existing algorithmic trading regulatory framework, including FIX AI Working Group thinking on agent identity, instructions, intent, controls and actions. This included a detailed discussion on Verifiable LEIs and their potential role in identifying AI agents and their owning organisations.

The conversation was highly interactive, with participants challenging the practicalities of defining agent instructions, managing dynamic multi-agent systems, and aligning emerging AI governance models with the MiFID algorithmic trading framework.

We then moved into digital assets and market infrastructure, discussing “The Convergence Imperative”, the recent white paper from FIX Trading Community, GDF and Deloitte. Key themes included the need to make coexistence between traditional and digital infrastructures work economically and operationally, avoid liquidity fragmentation, prevent unnecessary duplication, and support common standards.

The session closed with a lively debate on the future role of DLT, including whether it is likely to replace high-volume market infrastructure such as central clearing.

Overall, thought-provoking and highly engaged discussions with plenty of valuable input to take back into FIX’s AI, algorithmic trading and digital asset workstreams.