FPL’s 2006 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.

 

1. 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.

a.       Support the education and marketing focus of each regional & product committee

b.       Enhance global communication and coordination activities

c.       Increase focus on exchanges and markets of liquidity utilizing FIX

d.       Increase buy-side participation within FPL

e.       Highlight the success of firms adopting FIX

 

2. 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.

a.       Communicate clearer messages around protocol version management, service extensions and FIX related tools

b.       Facilitate migration to later releases

c.       Focus on the following areas in 2006 - pre and post trade analytics, securities lending, algorithmic trading and direct market access, market data optimization and post trade processing utilization

 

3. 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.

a.       Provide the appropriate level of resources to facilitate meeting coordination support, document preparation, appropriate meeting action follow-up

b.       Evaluate the benefits of web conferencing for meetings

 

4. 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.

a.       Leverage FPL hired resources to  improve coordination & manage operations on a global basis

 

5. 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.

a.       Provide appropriate response to regulatory and other industry initiatives such as MiFID, Regulation NMS and Giovannini

b.       Ensure positive relationships with industry associations, regulators and other standards bodies

 

6. 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.

a.       General Counsel and Trademarks

b.       Intellectual Property

 

7. 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

a.       Website advertising (site sponsors) and fee based job posting system

b.       FPL-sponsored conferences and seminars