Working Groups & Subcommittees
These are the engine of development and change. Led and driven by volunteers from our membership, and supported by our global team of business and standards experts.
It is through its working groups and subcommittees that the FIX Trading Community identifies the key business and regulatory challenges impacting the industry and develops market-led solutions to drive their resolution.
These groups offer a neutral industry forum encouraging open discussion and participation from all members. Taking part delivers value to the individuals and firms involved, enabling members to enhance their understanding of key issues, help shape outcomes, gain access to information in advance of the wider community, and benefit from significant relationship-building opportunities.
To learn more or join a group, please contact us.
Business Processes & Functionality
These groups take industry and regulatory drivers, large and small, and use them to develop standards and best practices. Each has a mandate set by its owning committee or the group itself and gathers experts from FIX's membership to solve specific problems.
24×7 Markets Working Group
Focuses on standards and best practices for extended trading hours and always-on market operations, including the technological, operational and workflow impacts on electronic trading.
AI Steering Committee
Working on agentic workflow modelling and governance, the use of FIX semantics in AI protocols (MCP, A2A) and data quality.
Algorithmic Trading Working Group
Develops FIX-enabled best practices for algorithmic order workflows, including parameterization, monitoring, testing and certification.
APAC Digital Assets Working Group
Coordinates APAC perspectives and activities on digital asset markets, working in conjunction with the global Digital Assets Committee.
APAC ETF Subcommittee
Addresses APAC-specific ETF market practices, working with the global ETF working group.
Asia Pacific Market Structure and Regulatory Subcommittee
Tracks APAC market structure and regulatory developments and translates them into practical industry guidance and standardization opportunities for electronic trading workflows.
Carbon Trading & Renewal Energy Working Group
Works on standardizing electronic trading workflows for carbon credits and renewable energy instruments, including common data fields, identifiers, and execution practices.
Equity Issuance Working Group
Working to standardise equity issuance workflows (e.g., ABBs and IPOs ), aiming to improve electronic communication around bookbuilding, allocations, and issuance-related data sharing.
ETF Working Group
Developing best practices and standards for ETF trading and lifecycle processes, including primary and secondary market workflows and related data transparency.
European Consolidated Tape Working Group – Derivatives
Supports consolidated tape initiatives for derivatives by defining consistent data fields, reporting approaches, and technical considerations needed for reliable aggregation and distribution.
European Consolidated Tape Working Group – Equities
Contributes to the European equities consolidated tape effort by aligning on data standards, field definitions, and governance considerations for tape construction and use.
European Consolidated Tape Working Group – Fixed Income
Contributes to the European fixed income consolidated tape effort by aligning on reporting data standards and practical transparency requirements across instruments and venues.
Fixed Income Axe Standards Working Group
Defining and promoting adoption of consistent standards for communicating fixed income “axes” (dealer interests and indications).
Global Foreign Exchange Subcommittee
Addresses global FX electronic trading practices and standardization needs, supporting consistent workflows for spot, forwards, swaps, and related execution conventions.
MiFID Transaction Reporting Working Group
Focuses on MiFID II / MiFIR transaction reporting, helping interpret regulatory requirements and promote standardized data capture and workflow approaches for accurate reporting.
Outage Communications Working Group
Creates best practices for timely, consistent communication during outages and market incidents, including recommended messaging content, channels, and coordination processes.
Reference Data Working Group
Works on reference data standardization — symbology, identifiers, classification/taxonomy schema and similar — to improve consistency and automation across the industry.
Securities Lending Working Group
Standardizes securities lending workflows, including borrow/loan lifecycle events, recalls/returns, collateral processes, and reporting to reduce operational friction.
Technical Standards & Tooling
The Global Technical Committee's groups drive the development of FIX's technical standards and the strategy for the FIX Protocol. FIX's cross-industry standards liaison work (e.g., with ISO) happens through these groups, seeking collaboration and interoperability.
FIX Protocol Subcommittee
Sets and oversees the strategy for the core FIX Protocol specification, including documentation, distribution and tooling.
FIX Standards Subcommittee
Coordinates and prioritizes broader FIX standards across asset classes and workflows, ensuring consistent design, documentation, and alignment across related initiatives.
Global Technical Governance Board
Provides technical governance and strategic oversight across FIX technical products, helping align architecture, tooling direction, and cross-standard consistency.
Orchestra Subcommittee
Maintains FIX Orchestra (the machine-readable standards repository) and associated tooling guidance to support model-driven implementations and consistent interoperability.
MMT Technical Committee
Maintains and advances the Market Model Typology (MMT) standard by defining trade classification flags and providing technical guidance to ensure consistent reporting and interpretation.
Transactive Resources Working Group
Focuses on standardizing electronic workflows for transactive resources/energy markets, including bids, schedules, settlement data, and related market communications.
Regional Governance
Regional steering committees set the agenda for FIX's work at a region or country level. The work ranges from setting the schedule of events, to membership engagement, to industry liaison and region-specific standards initiatives. They report into their respective regional committees on the GSC.
Americas
Americas Steering Committee
Provides regional leadership for the Americas by setting priorities, coordinating working group activity, and supporting outreach, education, and advocacy.
Asia Pacific & Japan
Asia Pacific Buy-side Subcommittee
Represents APAC buy-side priorities and requirements, helping shape FIX-related standards and best practices to improve efficiency across the investment management trade lifecycle.
Asia Pacific Steering Committee
Provides regional leadership for Asia Pacific by setting priorities, coordinating local initiatives, and connecting APAC needs into the broader global FIX community.
Asia Pacific Technical Subcommittee
Serves as the APAC technical forum for implementations and interoperability, sharing technical guidance and supporting consistent adoption of FIX-related standards.
Australia Subcommittee
Supports the Australian FIX community by discussing local market practices, encouraging standard adoption, and coordinating regional events and initiatives.
China Subcommittee
Supports the China FIX community by discussing local market structure and regulatory considerations and promoting consistent electronic workflows and standards adoption.
India Subcommittee
Supports the Indian FIX community by addressing local market practices, coordinating regional engagement, and promoting standards adoption and education.
Japan Governance Board
Provides governance and direction for FIX activity in Japan, coordinating local stakeholder engagement and aligning Japan-specific needs with global initiatives.
Singapore / SEA Subcommittee
Supports the Singapore/SEA FIX community by discussing regional market practices and promoting standards adoption, education, and local collaboration.
EMEA
Africa Subcommittee
Builds the FIX community across Africa by addressing local market practice needs, fostering adoption, and coordinating regional engagement with global standards efforts.
EMEA Investment Management Subcommittee
Focuses on investment management workflows in EMEA, driving greater standardization and FIX adoption across the trade lifecycle.
EMEA Steering Committee
Provides regional leadership for EMEA by setting priorities, coordinating working groups, and supporting education and market-structure advocacy where relevant.
France Subcommittee
Supports the French FIX community by addressing local market practices, coordinating regional engagement, and promoting standards adoption and education.
Germany Subcommittee
Supports the German FIX community by addressing local market practices, coordinating regional engagement, and promoting standards adoption and education.
Nordic Subcommittee
Supports the Nordic FIX community by addressing regional market practices, coordinating engagement, and promoting standards adoption and education.
Education, Events & Community
These groups mainly cover event design and our Next Gen and Women in FIX activities, working to maintain our community and educate the industry on FIX's work.
Education & Events
Americas Agenda Planning Subcommittee
Curates and plans the agenda for Americas events by selecting themes, topics, and speakers that reflect current priorities in trading, technology, and standards.
Asia Pacific Education and Marketing Subcommittee
Develops APAC education and marketing programs, coordinating events and materials that support community engagement and standards adoption across the region.
EMEA Conference Agenda Subcommittee
Curates and plans the agenda for EMEA events by selecting themes, topics, and speakers aligned to regional priorities in market structure and technology.
Japan Conference Subcommittee
Plans and coordinates Japan conference agendas and related event activities to support community engagement, education, and collaboration on standards.
Community
FIX Next Generation – EMEA
Engages next-generation professionals in EMEA through networking and education, helping develop future leaders in electronic trading and industry standardisation.
FIX Next Generation – APAC/Japan
Engages next-generation professionals in APAC/Japan through networking and education, helping build skills and community involvement in electronic trading and standards.
WomenInFIX
The umbrella Women in FIX community that coordinates programs, events, and resources to support inclusion, professional development, and industry engagement.
Participation in FIX Groups
Committees, subcommittees and working groups are open to participants from FIX member firms. Individuals from non-member firms or without employment may join subcommittees or working groups as guests at the discretion of the group's co-chairs. They are not permitted to lead groups (cannot be co-chairs), cannot participate in voting and are not automatically entitled to receive minutes or similar documentation.
Intellectual Property and Competition Law
All FIX meetings are covered by the policies in our policies page, particularly in relation to intellectual property and competition law.
