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Author: Steve Dew-Jones
Source: Sell-Side Technology | 18 Feb 2013
Categories: Regulation & Standards
FIX Protocol (FPL), the industry standards organization for global electronic trading, has released a new set of guidelines for best practices in electronic bonds trading.
The guidelines provide recommendations for broker-dealers and market-makers using existing and emerging venues.
"The completion and availability of best practices and implementation guidelines marks a key milestone in the development of FIX for Fixed Income," says UBS's Ric Elvir, co-chair of the FPL global fixed income committee. "This should dramatically promote industry adoption as they will provide consistent guidance to bond market participants looking to explore the many benefits that standardisation offers. The next stages of this project will help to continue this progress, expanding the use of FIX for other credit-based products."
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