Much of the technical standards work within the FIX Trading Community over the past several years could be classified as long tail stuff. If you will recall the long tail is providing some benefit or service to a niche or small group of users. With the main use of FIX being FIX.4.2 and FIX.4.4 based pre-trade through post-trade processing for equities, futures, options, FIX, with a smattering of fixed income thrown in for good measure, I struggle with the amount of effort we go through within the FIX community to provide features for smaller and smaller groups of users.
At the same time we have an effort going on around high performance standards that have strong technical merit, but has yet to catch that spark in the community that will lead to wide spread adoption, with the exception of the Simple Binary Encoding (SBE) championed by the CME.
In this paper Jim Northey discuss questions such as; how do we improve the standard to bring the most value to the widest number of users? Do we try and push a high performance protocol into the mainstream? Do we try and move the community to FIX.5.0SP2? Should we be doing something else?
FIX Infrastructure End-to-end testing of trading infrastructure is critical in today’s increasingly heavily regulated environment – but compliance comes at a price. So why should financial firms pay it, and what happens if they don’t? In our second blog post on the topic, we explore the most pressing reasons to implement a robust testing mechanism. The most […] September 11, 2018
FIX Infrastructure Redburn is Europe’s largest independent equities broker, providing institutional investors with equity research and agency execution across European and US equity markets. As an evolving business it is essential that it is able to provide a high level of service to its clients – particularly when it comes to connectivity and onboarding. Covering such a […] August 29, 2018
FIX Infrastructure As trading processes become ever more sophisticated and regulators race to catch up, the end-to-end testing of trading infrastructure is an increasingly crucial component of compliance. Financial services firms face severe penalties for trading errors – including fines, loss of reputation, potential bankruptcy and even personal repercussions for senior executives. The cost of failure is […] August 21, 2018
FIX Infrastructure The financial industry is constantly evolving, driven by a mix of new business and regulatory requirements. The implementation of the Markets in Financial Instruments Directive (MiFID) II in Europe, for instance, is spurring a tectonic technology transition. With these rapid changes in the industry and the rising cost of errors in production systems, the quality […] July 5, 2018
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