FPL 2008 Goals

FPL's Mission:  To improve the global trading process by defining, managing, and promoting an open protocol for real-time, electronic communication between industry participants, while complementing industry standards.

Support and enhance FPL's education and marketing efforts promoting the use and increase the penetration of the FIX Protocol

To improve the global trading process by defining, managing, and promoting an open protocol for real-time, electronic communication between industry participants, while complementing industry standards.

•  Continue expansion of membership within FPL and target specific regions; successfully run smaller regional events and briefings as well as the FPL 2008 regional conferences confirmed thus far.

•  Focus on generating increased press coverage in both industry specific publications and the broader financial business press promoting the benefits of the FIX Protocol and electronic trading.

•  Conduct a global study on the economic advantages of FIX in order to provide clear insight into how FIX benefits financial market participants and the wider investment community.

•  Run internal FIX usage survey and gain a better understanding of FIX usage and highlight successes of those firms adopting FIX.

Expand the product and functionality supported by the FIX Protocol

To improve the global trading process by defining, managing , and promoting an open protocol for real-time, electronic communication between industry participants, while complementing industry standards.

•  Help industry realize the benefits that all the work on the development of the protocol was intended to achieve and communicate clear messages around new developments (i.e. transport independence, service pack releases).

•  Continue to develop and enhance FIX related tools (i.e. Repository, FIXimate)

•  Launch the proposal tracking process in order to improve the process of communicating and tracking proposals for suggested changes to the FIX specification i.e. increasing the number of reviewers, more clearly communicating the status and the timeframes for proposal review and approval.

•  Make an effort to get the message out to move beyond equities – addressing market needs and gaining traction in the adoption of FIX within additional asset classes by continuing to build relationships with product focused organizations as well as asset class focused publications.

Improve the effectiveness of FPL's working parties

To improve the global trading process by defining, managing, and promoting an open protocol for real-time, electronic communication between industry participants , while complementing industry standards.

•  Continue to provide the appropriate level of resources to facilitate meeting coordination support, document preparation, and appropriate meeting action follow-up.

•  Continue to create working groups that address member issues.

Enhance FPL's operational efficiency

To improve the global trading process by defining, managing , and promoting an open protocol for real-time, electronic communication between industry participants, while complementing industry standards.

•  Continue to leverage FPL hired resources to improve coordination & manage operations on a global basis.

•  Automate members being able to join committees/ working groups via website.

Develop an effective strategy for coordination activities with other industry standards bodies, industry associations, and regulatory bodies

To improve the global trading process by defining, managing, and promoting an open protocol for real-time, electronic communication between industry participants, while complementing industry standards .

•  Provide appropriate response to regulatory and other industry global initiatives.

•  Ensure positive relationships with industry associations, regulators and other standards bodies (i.e. ISITC, SWIFT, FpML, FIA, SIFMA)

Establish proper and effective legal protection for the FIX Protocol and FPL

To improve the global trading process by defining, managing, and promoting an open protocol for real-time, electronic communication between industry participants , while complementing industry standards.

•  Continue working closely with legal counsel to ensure appropriate protection of both the FIX Protocol and FIX Protocol Ltd.

Establish non-membership sources of revenue to help fund FPL's operations as a non-profit, user-led standards organization

To improve the global trading process by defining, managing, and promoting an open protocol for real-time, electronic communication between industry participants, while complementing industry standards

•  Continue running successful FPL sponsored conferences and seminars.

•  Focus on increasing the marketing of the job posting system.