The guidelines will facilitate the adoption of FIX standards for equity post-trade processing.
FIX Protocol Limited, the global industry standards organization for the electronic trading community, has released new guidelines for global post-trade processing.
The new guidelines are an attempt to enhance the global equity post-trade process between the buy side and sell side, with adoption supposedly in line to enhance availability, straight-through-processing, risk management, transparency and costs.
"The adoption of these guidelines carries with it the promise of a significant step towards achieving a higher degree of straight-through-processing for equity trades," says Brian Lees, co-chair of the FIX Protocol Execution Venue Subgroup of The Capital Group Companies. "The transparency made available by improved traceability from trade execution through to pre-settlement offers exciting possibilities for reducing errors and improving trade matching rates while minimising costs by leveraging existing investments in FIX infrastructure."
The guys talk about Dan’s feature and Anthony’s trip to Florida for the industry’s biggest futures conference.Subscribe to Weekly Wrap emails