London-based electronic trading platform and services vendor Fidessa Group is readying a launch of an affirmation management service, dubbed AMS, for the buy side that uses the FIX electronic trading standard at its core, officials say. The new offering, due by the fourth quarter of this year, is intended to provide the buy side with… Read More >>
Readers Pick FATCA as Top Story for 2013
Three of the top news stories for 2013 among FTF News readers dealt with the Foreign Account Tax Compliance Act (FATCA). The adoption of the Volcker Rule by regulators was the second most popular story while the FIX protocol’s advances into post-trade processing also attracted lots of attention. SAC Capital’s admission of guilt also garnered… Read More >>
Will Fidessa Spur New Vendor Battles via Post-Trade FIX?
Normally a front-office vendor, Fidessa has today officially embraced the FIX protocol for its Post-trade Confirmation Hub offerings, which facilitate FIX-based trade affirmations and confirmations between buy-side and sell-side firms. This follows the work of the FIX Protocol Ltd. to push the electronic trading standard beyond the front office. Perhaps Fidessa’s FIX move is a… Read More >>
Forging IT Leadership in the Regulation Decade
A keynote speaker for the19th ISITC Annual Industry Forum and Vendor Show in Boston this week focused on the industry trade group’s raison d’être when he urged those in attendance to take on the “big challenges” such as driving a consensus to make standards reality such as the push for wider usage of ISO 20022-based… Read More >>
Tech Spotlight: FIX and Post-Trade Ops – Part I
(Editor’s Note: This is the first in a two-part series about the FIX electronic trading and messaging protocol and the FIX Protocol Ltd.’s efforts to expand the reach of FIX into the realm of post-trade processing. FTF News recently spoke to Scott Sullivan, Senior Analyst, Securities & Investments Group, for market research firm Celent about… Read More >>
