FIX Trading Community Publishes SEF Guidelines
The new guidelines aim to explain how details about client relationships can be transferred electronically using the FIX messaging language to increase efficiency and connectivity while reducing operational risks.
"Communicating client enablement information is currently a very labor-intensive process, and as each trading relationship will need to be validated on day one of the new SEFs going live, the impact of standardized electronic procedures could be huge—significantly speeding up the enablement process and considerably reducing the potential for errors," says Sassan Danesh, co-chair at FIX Trading Community global fixed income subcommittee, and managing partner at Etrading Software.
As SEFs are set to launch in the fourth quarter of this year, the structure of the over-the-counter (OTC) derivatives and OTC fixed income markets has significantly changed, and the development of recommended practices has become more important.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
Citi reveals Custody+, AI API security scare, 23/5 trading in Canada, and more
The Waters Cooler: A recap of the major tech and data news from the past week in the capital markets.
API security flaw highlights AI model vulnerabilities
Researchers uncover a way to make weaker AI models reveal the hidden reasoning of more powerful systems.
On vibe coding, no/low-code dev, and some potential misconceptions
The Waters Wrap: Is no-code/low-code even a thing anymore? Not really. But the companies that championed those terms just a few years ago tell Anthony they aren’t going anywhere.
Repo tokens won’t be cleared. Or will they?
Uncertainty lingers over clearing status of tokenized Treasuries, with decision likely devolved to DTCC.
AI startups get big-name investors, SEC denies 24X’s exemption request, and more
The Waters Cooler: A recap of the major tech and data news from the past week in the capital markets.
Rapid-fire repo raises hopes of cheaper, faster trading
Tokenized Treasuries piloted by DTCC could squash settlement cycles and enable 24/7 repo.
Stopgaps and fail-safes: How trading vendors guard against rogue AI agents
TradeStation’s newest trading tool, Titan-X, uses agentic tools to help plan, execute, and collect data on trades.
A rookie’s guide to tokenized Treasuries
What are DTCC’s digital US government debt securities? How do tokenized repo and other transactions work? These questions, and others, answered.
