05 December 2016

ICMA drafts FIX standard for fixed income new issues

18 November 2005  |  5375 views  |  0 global_6

The International Capital Market Association (ICMA) says it is beginning work on the detail of a draft FIX standard for new issues in the fixed income market.

In February, ICMA agreed to contribute its Match protocols to an extension of FIX in order to create a single global technology standard for fixed income new issues.

A joint working group carried out an initial gap analysis which was presented, in partnership with the Bond Market Association, to the e-syndicate working group and published in August this year. Events were then held in London and New York to update members and potential users of the protocol and to publicise its benefits.

Chris O'Malley of ICMA, says: "We're pleased by the work of the ICMA FIX Gap Analysis Working Group and the support of the Bond Market Association in developing a new messaging standard for the global primary markets.

"ICMA's traditional role has been the setting of industry standards and good market practice and we are pleased to extend this role into the technology space."

Buy side grumbles about the liberal use of the FIX protocol by sell-side firms indiscriminately promoting new issues business are being investigated by FIX Protocol Limited.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

UK trade associations establish MiFID implementation programme

UK trade associations establish MiFID implementation programme

16 November 2005  |  8005 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreVisit capgemini.comFind out more

Top topics

Most viewed Most shared
Royal Mint to issue digital goldRoyal Mint to issue digital gold
6709 views comments | 23 tweets | 21 linkedin
Bank CEOs fret about ROI as startups drive IT arms raceBank CEOs fret about ROI as startups drive...
5885 views comments | 16 tweets | 21 linkedin
UK challenger bank Masthaven opens for businessUK challenger bank Masthaven opens for bus...
5809 views comments | 15 tweets | 13 linkedin
R3 and Calypso to develop blockchain trade confirmation systemR3 and Calypso to develop blockchain trade...
5658 views comments | 13 tweets | 12 linkedin
ING pulls plug on P2P payments app TwypING pulls plug on P2P payments app Twyp
5652 views comments | 16 tweets | 15 linkedin

Featured job

to Six-Figure Base, Commission, Benefits
London, UK

Find your next job