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FPL Releases the First Draft of the FIX 5.0 Service Pack 1 Specification for Review
FPL Program Office / FIX Protocol Ltd. <>
15 Jan 2008 5:08PM ET

FIX 5.0 Service Pack 1 includes 25 Extension Packs, each of which enhances the current functionality delivered by FIX 5.0. The Extension Packs were created as a result of FIX community market-driven initiatives that have undergone a thorough public review process led by the FPL Global Technical Committee. The Committee continues to improve the specification process to ensure that FPL meets its goal of delivering appropriate messaging standard solutions for the rapidly changing financial markets.

Major enhancements provided by FIX 5.0 Service Pack 1 include:

    * Improved functionality for exchange quotation models and order routing practices
    * Enhanced Listed Derivatives reference data support for Options, Futures, and Options on Futures
    * New set of messages for Market Structure definition
    * Support for trading listed Interest Rate Swaps
    * Application level sequencing with advanced support for market data recovery
    * Foreign Exchange OTC settlement obligations
    * Improved integration between FIX, FIXML and FpML
    * Changes to Rule80A, OrderCapacity, and Order Restrictions to reflect revised NYSE regulations

The FPL Global Technical Committee welcomes industry comments and feedback on FIX 5.0 Service Pack 1. Once all feedback has been compiled and implemented a second release candidate will be made available for comment before the final release in March. All feedback for the first release should be posted to this discussion forum.

The comment period is now open and will run for two weeks concluding Wednesday, January 30th.

FIXT.1.1 ERRATA

Released simultaneously with FIX.5.0SP1 is an errata to the FIXT.1.1 Session Layer.

Enhancements in FIXT.1.1

    * The use of encryption within FIX message themselves using SecureData(91) has been deprecated.
    * User / Password enhancement for market place usage
    * Addition of ApplExtID(1156) field to support use of extension packs released between service packs.
    * Improved documentation

The FPL welcome your feedback on FIXT.1.1 errata. All feedback should be posted to this discussion forum.

If you have any questions please contact the FPL Program Office by email at fpl@fixprotocol.org or telephone +1 212 652 4469.


FPL Releases the First Draft of the FIX 5.0 Service Pack 1 Specification for Review
FPL Program Office / FIX Protocol Ltd.   15 Jan 2008 5:08PM ET
Volume 4 Page 34 - Execution Ack/Report Ack
Ainhoa Dewisme / Reuters   27 Feb 2008 7:28AM ET