FPL Updates Execution Venue Reporting Guidelines

Jim Kaye, BofA Merrill Lynch.

FIX Protocol Limited (FPL), the organization responsible for the adoption of the FIX protocol, has updated its guidelines on execution venue reporting in an attempt to encourage greater transparency between brokers and buy-side firms.

The new guidelines are geared toward the European market, following on from those produced by FPL's Americas Buy-side Working Group in February 2011.

Taking into account European regulation such as the Markets in Financial Instruments Directive (Mifid), the new gui

To continue reading...