Partnerships

The FIX Trading Community collaborates with other associations and standards bodies to align industry approaches and support consistent adoption of open standards worldwide.

The FIX Trading Community works with regulators, industry associations and other standards bodies to connect expertise across the industry and address shared challenges. These partnerships help align frameworks, and bring together subject matter experts to promote the practical adoption of open, interoperable standards. To complement the work of industry associations, particularly relating to regulatory change and market evolution, FIX focuses on implementation — providing guidance, education and recommended practices to support effective, consistent use across global markets.

Industry Associations

Asia Securities Industry and Financial Markets Association (ASIFMA)

Background

ASIFMA is an independent, regional trade association with over 100 member firms comprising a diverse range of leading financial institutions from both the buy and sell side, including banks, asset managers, law firms and market infrastructure service providers. ASIFMA advocates stable, innovative and competitive Asian capital markets that are necessary to support the region’s economic growth. ASIFMA advocates solutions and effects change around key issues through the collective strength and clarity of one industry voice.

FIX Trading Community Involvement

ASIFMA is an independent, regional trade association with over 100 member firms comprising a diverse range of leading financial institutions from both the buy and sell side, including banks, asset managers, law firms and market infrastructure service providers. ASIFMA advocates stable, innovative and competitive Asian capital markets that are necessary to support the region’s economic growth. ASIFMA advocates solutions and effects change around key issues through the collective strength and clarity of one industry voice.

Asia Trader Forum (ATF)

Background

Asia Trader Forum (ATF) is a buyside industry group that aims to support the development of fair and efficient markets throughout the Asia-Pacific region, by serving as a medium for buy-side traders in the Asia-Pacific region to discuss issues of common concern and express their views to regulators, exchanges and market participants with a common voice.

FIX Trading Community Involvement

ATF and FIX Trading Community have many members in common, and this helps enables efficient liaison across the institutional trading industry in Asia. Specifically, where industry coordination on regulatory or market structure consultations are required, ATF and FIX work closely to ensure full representation of industry views. Also, in the arena of industry education, ATF provides updates at FIX’s Asian briefings and conferences to share their concerns and priorities.

Association of Financial Markets in Europe (AFME)

Background

AFME is the voice of Europe’s wholesale financial markets. It represents the leading global and European banks and other significant capital market players. They focus on a wide range of market, business and prudential issues and offer a pan-European perspective, bringing to bear deep policy and technical expertise and constructive influence with European and global policymakers.

FIX Trading Community Involvement

In Nov 2016, AFME and the FIX Trading Community agreed to partner and combine their efforts to review the requirements for Order Data and Record Keeping as part of their respective MiFID work. AFME’s membership is closely aligned to FIX’s membership and in the interest of efficiency and to avoid duplication of effort, it was decided to form a joint industry working group.

Financial Information Forum (FIF)

Background

FIF addresses the implementation issues that impact the securities industry across the order life cycle.

FIX Trading Community Involvement

There are still discussions underway around the requirements needed for reporting for the Consolidated Audit Trail (CAT) but there is a push for FIX to be the syntax of choice for CAT reporting.

Futures Industry Association (FIA)

Background

FIA is the leading trade organisation for the futures, options and OTC cleared derivatives markets.

FIX Trading Community Involvement

FIX Trading Community and FIA have worked together to enhance FIX to support a number of Dodd-Frank reporting requirements. Additionally, there has been a joint collaboration to support pre-trade credit limit checks.

Global Digital Asset & Cryptocurrency Association (Global DCA)

Background

Global DCA is a global self-regulatory association for the digital asset & cryptocurrency industry. The organization collaborates with stakeholders around the world, industry leaders and policymakers to support the growth of the global digital economy. Global DCA mission is to promote and strengthen the digital asset and cryptocurrency industry, protect the public interest, and maximize legitimate economic opportunity for all participants in the global digital economy.

FIX Trading Community Involvement

FIX and Global DCA will work together to continually promote the use of standards for digital assets. Additionally, Global DCA will work with the FIX Digital Asset working group to establish and promote the use of best practices for the entire electronic trading lifecycle of digital assets.

Global Digital Finance

Background

Global Digital Finance (GDF) is a not-for-profit members body with a mission to drive global standards and best practices for crypto and digital asset market participants, including some of the most influential digital currency and token companies, academics and professional services who support the industry. GDF conducts policymaker, regulator and industry outreach to build a shared understanding of the risks and opportunities presented by tokens and cryptoassets and has developed a global Code of Conduct for the cryptoassets market and its participants.

FIX Trading Community Involvement

The FIX Trading Community would like to compliment the efforts and mission of the GDF and work together strategically to further promote the standardization for trading digital assets. An MOU has been agreed which outlines the steps and conditions that Global Digital Finance, and FIX Trading Community agree are necessary to achieve their mutual goals.

Hong Kong Investment Funds Association (HKIFA)

Background

The Hong Kong Investment Funds Association (“HKIFA”) represents the fund management industry of Hong Kong to foster the development of the fund management industry in Hong Kong and enhance the professional standards, to help maintain Hong Kong’s competitiveness as the major fund management centre in Asia.

FIX Trading Community Involvement

As a member of the FIX Trading Community, the HKIFA engages with industry participants to help ensure proper representation of industry views in industry consultations and industry educational initiatives, including the FIX Asia Trading Summit.

International Securities Association for Institutional Trade Communication (ISITC)

Background

ISITC brings together broker/dealers, custodians, investment managers, vendors/utilities and other industry professionals to develop proposed standards that are designed to enhance efficiencies in trade processing and related communications.

FIX Trading Community Involvement

Local matching is now a core processing function included in many ISITC working groups and a number of our buy-side members have given input to their initiative.

International Token Standardization Association (ITSA)

Background

ITSA aims at promoting the development and implementation of market standards for the identification, classification and analysis of blockchain- and DLT-based cryptographic tokens. In order to increase transparency and safety on global token markets, ITSA currently develops and implements the following three projects:

  • Identification: International Token Identification Number (ITIN)
  • Classification: International Token Classification (ITC)
  • Analysis: International Token Database (TOKENBASE)

FIX Trading Community Involvement

The FIX Trading Community would like to compliment the efforts and mission of the ITSA and work together strategically to further promote the standardization for trading digital assets. An MOU has been agreed which outlines the steps and conditions that International Token Strandardization Association, and FIX Trading Community agree are necessary to achieve their mutual goals.

InterWork Alliance (IWA)

Background

InterWork Alliance is a member-led, non for profit industry organization that aims to provide a neutral platform for firms to trade token based, multi-party digital interchanges of value. Focused on developing a standard for defining digital tokens and creating solutions for token definitions by utilizing standards to promote the interoperability of products.

FIX Trading Community Involvement

The FIX Trading Community shares many common goals with IWA, open standards, interoperability, addressing market and regulatory needs and will work closely with the organization to align standards and promote interoperability.

Investment Association (IA)

Background

The Investment Association is the trade body that represents UK investment managers. Their 200 members collectively manage over 5.7 trillion GBP on behalf of clients in the UK and around the world. The three main aims for the IA for their members are: Promoting our members, supporting our members and shaping investments.

FIX Trading Community Involvement

The original FIX TCA WG document, released in Jan 2014, has provided a baseline of knowledge to promote a general understanding of TCA components. It has presented facts describing the computational rudiments, industry-specific perspectives, and in some cases, the pros and cons of using various benchmarks. Investment Association’s TCA Working Group has provided further content regarding standardization of TCA and has agreed to partner with us to refine ongoing TCA requirements across asset classes.

Japan Crypto asset Business Association (JCBA)

Background

The Japan Crypto asset Business Association (JCBA) , founded in 2016, includes domestic and international for-profit enterprises, public institutions, and government bodies. JCBA fosters an environment for businesses in Japan's digital asset landscape, covering crypto assets, NFTs, stablecoins, and other digital assets in public blockchain and web3 ecosystems. JCBA's mission is to promote the domestic digital asset industry's growth. This is achieved by leveraging expertise from member professionals in technology, taxation, accounting, law, and business. JCBA conducts research, formulates policy recommendations, engages in advocacy, and fosters talent development to support industry growth.

FIX Trading Community Involvement

Japan Regional Committee of FIX Trading Community has been admitted as an Institutional Member of Japan Crypto asset Business Association (JCBA) since October 2021 and Japan Co-chair has been participating in their regular study sessions and networking events. Japan FIX committee is expected to collaborate with the member community of JCBA to look into potential use case expansion of FIX into digital assets trading in the midst of the ongoing evolving industrial momentum towards a convergence of TradFi into DeFi in Japan.

Japan Digital Decentralized Finance Association (JDFA)

Background

The Japan Digital Decentralized Finance Association (JDFA) , established on December 1st, 2025, is a premier industry organization dedicated to the sound development of the digital and decentralized finance market in Japan. Our mission is to foster cross-sector collaboration among diverse financial institutions—including crypto asset exchanges, banks, asset management firms, securities companies, and trust banks—to address regulatory frameworks and business opportunities regarding crypto assets, security tokens, stablecoins, and DeFi. JDFA actively promotes cross-industry consensus building, submits policy recommendations, and establishes self-regulatory rules to ensure robust user protection. To drive innovation and networking, the association operates specialized subcommittees focused on key themes such as Crypto Asset ETFs, DeFi, Stablecoins, Non-Custodial Wallets, and Tokenized Securities. Through these initiatives, JDFA provides vital market insights and creates compliance-driven business standards for its members.

FIX Trading Community Involvement

Japan Regional Committee of FIX Trading Community has joined Japan Digital Decentralized Finance Association (JDFA) as an Institutional Member and is expected to collaborate with the member community of JDFA in the midst of the ongoing evolving industrial momentum of tokenisation towards a convergence of TradFi into DeFi in Japan.

Security Traders Association (STA)

Security Traders Association (STA) is a grassroots organization comprised of more than 15 Affiliates in the U.S. and Canada. STA members represent individuals employed in the financial services industry across varying business models. STA educates its members on market structure issues while representing their interests with legislators, regulators and other industry associations. STA events keep attendees informed on industry trends and provide unique networking opportunities, which contribute to career development and productivity. STA is committed to promoting goodwill and fostering high standards of integrity in accord with its founding principle, dictum meum pactum, “my word is my bond.”

Standards Bodies

International Standards Organisation (ISO)

Background

ISO 20022 is the international standard that defines the business modelling approach for the development of financial message standards. Click here on to view the history of collaboration between the FIX Trading Community and ISO.

FIX Trading Community Involvement

In addition to being a member of the Registration Management Group (RMG), FIX Trading Community is involved in ISO 20022 message model development for post-trade processing, collateral management, CCP post-trade clearing, standing settlement instructions and market data for European consolidated tapes.

Object Management Group-Enterprise Data Management Council (OMG-EDM Council)

Background

The EDM Council is a financial industry business forum founded to elevate the practice of data management.

FIX Trading Community Involvement

The semantics committee holds meetings on model development and FIX Trading Community is involved to promote FIX’s domain knowledge.

Private Sector Preparatory Group (PSPG)

Background

The PSPG is a industry-member led committee reporting to the Financial Stability Board (FSB) which has subcommittees that are studying and recommending design and implementation components for the Legal Entity Identifier (LEI).

FIX Trading Community Involvement

FIX has been enhanced to support the LEI requirements as well as the counterparty relationships and hierarchies information which will accompany it. This functionality strongly supports the federated approach preferred by the FSB and maintains the benefits associated with an open standards approach.

Standards Coordination Group (SCG)

Background

The SCG is a consortium of members from FIX Trading Community, ISITC, SWIFT, FpML and XBRL who partner to leverage ISO 20022 for standards modeling. The purpose of the group has been to define an approach that leverages multiple standards into a broader message model framework, without reinventing and creating redundant messages.

FIX Trading Community Involvement

Through it’s involvement, FIX Trading Community continues to provide industry leadership and guide strategy of the group that is aligned to FIX Trading Community’s interests. Please see a link to the Investment Roadmap in the first column which the group created to show coverage for different industry standards across the trading lifecycle and distinct products.

X9D

Background

ASC X9, Inc. is approved by the American National Standards Institute (ANSI) and is the U.S. Technical Advisory Group (TAG) to ISO TC68 – the subcommittee on Financial Service. X9D is the Securities subcommittee of X9 and develops standards for electronic institutional trade communication.

FIX Trading Community Involvement

Actively provide leadership, strategy and input to align with FIX Trading Community’s interests.