Developments In The World Of FIX

courtney-doyle-mcguinnBy Courtney Doyle McGuinn, Operations Director, FIX Trading Community

Now that Quarter 1 is ticked off the calendar, of course the countdown continues in earnest to January 2018 and the go-live date for MiFID II compliance.

The FIX MiFID working groups continue to meet regularly and most recently FIX Extension Pack 228 was published to extend the FIX Protocol to meet the requirements of MiFID II and MiFIR and covers a second set of critical data requirements identified by the sub-working groups on transparency, and order data and recordkeeping.

That brings FIX to four extension packs that are available for firms to download and implement as part of their work on MiFID II: EP206 (clock synchronization), EP216 (post-trade flagging obligations) and EP222 (critical data requirements identified by the sub-working groups on transparency, and order data and recordkeeping).

A few other things to highlight: work on the cybersecurity front continues with the further development of the FIX Cybersecurity Best Practices and the development of FIX over TLS Standard which involves extending FIX to meet cybersecurity requirements.

Additionally, there is a strong push underway for adoption of FIX for post-trade and there will be a new page on the site to showcase those firms that have implemented FIX in this space to date, so if you wish to be added to the list please contact the FIX Program Office.

Finally, please be on the lookout for the launch of the new FIX website, which will be revealed by the summer!

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