FIX Trading Community

 

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FIX Trading Community - Did You Know?


FIX Trading Community is global:

  • The organisation’s membership includes 275+ leading financial service companies, spanning 6 different continents. 33% of members are EMEA based, 30% across the Americas, and 27% in Asia Pacific and Japan. 

  • By joining, your firm’s employees all over the world can participate in local and international initiatives led by the organisation’s many committees and working groups.

  • 2,000+ representatives from FIX Trading Community’s 275 member firms participate in the organisation’s committees and working groups.

 

 FIX Trading Community brings the industry together:

  • Attracting buy and sell-side firms, trading venues, regulators, vendors and other industry associations, the wealth of knowledge and different perspectives shared by its broad membership, ensures all initiatives deliver wide industry benefit.

  • Since the start of 2013, the organisation has welcomed many new buy-side members, with over 1.5 trillion USD in combined AUM.

  • The FIX messaging language was originally developed over 20 years ago and FIX Trading Community has been active for more than 15 years.

  • FIX Trading Community brings together colleagues, peers and competitors to work together collaboratively through the organisation’s many committees and working groups. They do so free from commercial conflict, and in a way rarely witnessed in the capital markets, to address industry challenges.

  • The organisation’s website has over 100,000 registered users and attracts almost 45,000 visitors each month, 29,000 of which are unique, originating from 150+ countries worldwide.

  • 4,600+ delegates attended FIX Trading Community’s global events in 2012, a number set to be exceeded in 2013.

 

FIX Trading Community is involved in much more than you may think:

  • FIX Trading Community isn’t just about promoting the FIX Protocol, but the use of mass adopted, non-proprietary, free and open standards to address the business and regulatory issues impacting multi-asset trading in global markets.

  • The organisation has a multi-asset focus, supporting the equities, fixed income, listed derivatives and foreign exchange markets throughout the trade life-cycle from pre-trade through to post-trade, pre-settlement.

  • FIX Trading Community doesn’t just address technical challenges; a high proportion of active members are business leaders. Its global leadership includes Managing Directors, CEOs, Company Founders, Regional Heads of Trading, Marketing Directors, Senior Advisors and Strategists.

  • FIX Trading Community works with regulators globally to encourage the adoption of non-proprietary, free and open standards for regulatory reporting, enabling the industry to leverage its existing investments to meet emerging needs. This has led to meetings with the EU, ESMA, CESR, FSA, ASIC, SFC, SEC, CFTC, FINRA, IIROC and IOSCO. 

 

FIX Trading Community's work is shaping the future trading environment:

  • Highlights of key initiatives FIX Trading Community has released recently include:

    • Expanding the FIX standard to meet evolving business and regulatory needs, including significant enhancements to enable firms to meet changing requirements for derivatives trading, including many to support recent CFTC requirements.

    • Recommended controls to help firms mitigate the risks associated with DMA and algorithmic trading for equities and futures and options.

    • Execution venue reporting guidelines, created to enable buy-side firms to gain increased transparency about where and how their trades have been executed.

    • Guidelines for how FIX can be applied for post-trade processing, providing firms with increased choice within this environment.

    • A beta version of a new way in which FIX can be represented to enable the standard to support high speed trading environments.

    • Guidelines created for CDS, IRS and Cash Bond trading using FIX, developed to encourage new and emerging SEFs and OTFs to offer FIX connectivity, delivering cost savings and efficiency gains to potential trading partners.

       

FIX Trading Community: Finally, the secret to its success:

  • FIX Trading Community has always been a not-for-profit organisation. Its work is driven by industry needs and its unfaltering independence and neutrality have been critical to its success.