Community Releases Guidelines For Post-Trade Use of FIX Standard
Working group says rules can reduce risks and costs
FIX Trading Community has released new guidelines for the use of FIX in post-trade processing for multiple asset classes and a common post-trade framework, developed to reduce risk and costs.
The guidelines for futures, equity swaps and foreign exchange equity options follow the release of similar guidelines for cash equities. FIX global post-trade working group co-chair David Tolman says these guidelines on equities have led to greater efficiencies for firms that have implemented them.
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