FIX Trading Community Mid-Year Review

June already, and almost half way through what is shaping up to be a very busy 2015 for the FIX Trading Community. We have seen the creation of two new working groups and a host of new subgroups examining regulatory matters in EMEA. We have also had seven extremely well attended events across the globe. …

by | June 12, 2015 | bobsguide

June already, and almost half way through what is shaping up to be a very busy 2015 for the FIX Trading Community. We have seen the creation of two new working groups and a host of new subgroups examining regulatory matters in EMEA. We have also had seven extremely well attended events across the globe.

Barely had the tinsel and holly been taken down and New Year’s resolutions broken, than the New Year saw the formation of a new Cybersecurity Working Group. The purpose of the working group is to discuss current issues and challenges on this front, review processes and procedures, and leverage the community to develop best practices on how to handle security concerns. Strong participation from members means that tangible work is already in progress.

In mid-May, we issued a call for participation for the creation of a Cryptocurrency Working Group and we have seen excellent interest from members and non-members to be involved with the group. Educating the FIX community will be the main focus to start, with the end goal of developing simple rules of engagement that can be used to standardise trading cryptocurrencies.

In EMEA, following a number of meetings with regulatory authorities across the region and a meeting of the EMEA Regulatory Subcommittee, six new subgroups have been formed to focus on Order Data and Record Keeping, Clock Synchronisation, Reference Data, Transparency, Best Execution and Microstructure.

Our press release in May regarding the post-trade survey announced that there is a continuing uptake of FIX in the post-trade workflow whilst acknowledging that there is still work to be done to push for greater adoption across the industry and a widening into multi asset classes. The Global Post Trade Working Group will work hard to ensure continued momentum.

Seven FIX branded events have been successfully executed around the globe in 2015. Asia Pac continues its educational push to encourage new members to learn more about the Community and the benefits of being fully involved with their Next Generation meetings. Events in Hong Kong and Mumbai saw strong attendance with a focus on regional challenges.

In New York, Thomson Reuters hosted a half-day briefing in April that was standing room only with a strong agenda and SEC’s Gregg Berman delivering the opening key note address. It was a very focused agenda and confirmed that these events hold a great deal of value in the region.

In EMEA, FIX Trading Community events go from strength to strength with record numbers of delegates signing up to attend events in London and Stockholm. At the EMEA Trading Conference, there were four streams for the first time allowing delegates to spread their time across different asset classes and focus on technical and educational aspects. In Stockholm, it is essential to have the local knowledge to encourage debate and discussion. The region has been a hub for financial technology innovation over the years and we are lucky enough to have a strong Nordics Subcommittee dedicating their time to the event.

A busy first six months indeed and we can take a pause for breath and head for the golf course and the beach or both if you are lucky enough. Planning is already underway for events in the second half of the year. The working groups, committees and subcommittees will continue to meet and talk during the summer months and we look forward to highlighting their work during the course of 2015.

If you would like to learn more about our committees and working groups, please feel free to e-mail the FIX Program Office at [email protected]
 

By Tim Healy, Global Marketing and Communications Manager for the FIX Trading Community and bobsguide Contributing Editor

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