LONDON-Some industry figures are calling for the FIX protocol to be expanded to encompass reference data. The aim is to create a symbology standard for addressing the data challenges of the European Commission's Markets in Financial Instruments Directive (MiFID), according to a panel of industry experts hosted by FIX Protocol Limited (FPL) in London in July.
With MiFID resulting in more trading venues competing for order flow and potentially fragmenting markets, standardization is a key conce
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails