FPL Working Groups Update Post-Trade Guidelines

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The guidelines incorporate non-US markets, and focus on enhancing the settlement provisions inside FIX.

The updates, from the original guidelines released in 2012, focus on allocation, confirmation, affirmation and settlement processes, involving the work of the Americas Buy-Side Post-Trade and the EMEA Post-Trade Working Groups.

"The main difference between the first version and the second version is the completion and clarification of the portion for non-US markets. This has taken a long time to do, and it's been a complex process, working with a lot of people from buy-side firms, sell-side firm