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Tag Archives: standard

Hot trade flows

If you are not familiar with the securities markets it might be helpful to watch this 9 minute video about the way securities are traded electronically… the piece describes the FIX Protocol and how it its basic structure works… most every exchange and alternative trading system in the world transmits quotes, orders,  trade data and [...]

More mark-to-market

  Washington, DC – Congressman Paul E. Kanjorski (D-PA), Chairman of the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, today announced that the Subcommittee will hold a hearing to examine the mark-to-market accounting rules that many contend have exacerbated the current troubles in the financial industry and in the broader [...]

Open sourcing proxies…

Congratultions to Broadridge… good stuff… from Bobsguide.com ~~~~ “Broadridge Financial Solutions, Inc. (NYSE: BR) announced today that it has contributed the first open-source format for interactive proxy statements to XBRL US, Inc. The architecture explicitly supports the reporting requirements of the U.S. Securities and Exchange Commission (SEC) proxy statement form (DEF14A). The proxy statement taxonomies [...]

FIX 4.4 or 5.0?

>>  FIX, the standard for electronic trading of securities, has always had versioning issues… because it’s use is “voluntary” firms have tended to implement the standard, build infrastructure around it and connect to counterparties using a specific version… and then live in that version for a long time… We encountered this legacy issue when we were [...]