FIX Global Technical Committee – 2004 Accomplishments

Q1 2004:

• FIXML Schema 4.4 released (XML Schema with enhancements to reduce size of resulting XML messages)
• FIX Website re-vamp project started
• FPL Certification Program commences
• FIX-FpML Collaboration Working Group formed

Q2 2004:

• Initial presentation of FIX Repository to the GTC
• Reviewed (and declined) “XML Center at the CUNY” proposal

Q3 2004:

• New website beta testing by GTC
• Began discussions concerning collaboration with TWIST (twiststandards.org)
• Certification Program advances—vendors selected and test scripts distributed
• Market Data Optimization Working Group reports progress of 35% to 60% message size reduction using “implicit tagging”
• Algorithmic Trading and DMA Working Group formed
• FIX Repository, a database representation of the FIX Protocol specification, released
• New, revamped FIX website launched on September 3, 2004

Q4 2004:

• Detailed review of FIA Extensions 1.0—joint proposal by GDC and Futures Industry Association’s technology committee to add functionality to the security definition and update messages as well as a couple of changes to the positions messages in order to support contrary intentions and position updates
• Detailed review of FIA Extensions 1.1—joint proposal by GDC and Futures Industry Association’s technology committee to enhance the allocation and trade capture messages for listed derivatives clearing
• Provided recommendation to support the requirements for SEC Reg-SHO (the need to provide the identify of the locate broker on short sales)
• Foreign Exchange Working Group launches four streams of work: 1) Orders, Executions, Allocations, and Confirmations, 2) Streaming Quotes, 3) Forex Swaps, 4) Non-Deliverable Forwards (NDFs)
• Market Data Optimization Working Group announces plans to broaden member participation

Other Highlights:

• Dean Kauffman of TradeWeb resigns as GTC Co-chair
• Kevin Houstoun of CitiGroup elected as GTC Co-chair