FIX Eyes ESMA Talks, User Participation in MMT

esma-building
After enlisting end-users into MMT, FIX will need to engage regulator ESMA (pictured)

Simon Gallagher, chair of the MMT Steering Committee at FIX and director at Euronext, says that FIX─as an industry body comprising both buy-side and sell-side firms─is a natural home for the evolution of MMT, which was originally developed by the Federation of European Securities Exchanges with the goal of providing standards for post-trade data reporting, to form the basis for a consolidated tape of pan-European trade data.

While the MMT standard will see no immediate changes as a result of bei

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