FIX-related products and services

FIX and the Trade Lifecycle: From Introduction to Implementation

Brook Path Partners, Inc. FPL
60 State Street
Boston, MA 02109 US

Brook Path Partners has developed a course entitled FIX and the Trade Lifecycle. The course runs 2 days, and is presented either in public or in-house. The course is taught by Lisa Taikitsadaporn, Co-Chair of the FIX Global Fixed Income Technical Subcommittee, and Robert Stowsky, Co-Chair of the FIX Global Derivatives Technical Subcommittee. It can be customized for managers, developers, sales and/or support people who work with systems that use the FIX protocol. These may include order management systems, trading platforms, order routing systems and other applications that either implement the FIX protocol directly or rely on a FIX interface to communicate information.



FIX and the Trade Lifecycle begins with an overview of how securities markets work with a discussion of who the participants are and what they trade. The trade lifecycle is reviewed beginning with research and price discovery, and then moves on to order management and execution and concludes with clearing and settlement. Coverage of other elements of securities processing such as new issues, corporate actions and securities lending is also included.



The FIX protocol is then introduced in the context of where it can be used in the trade lifecycle. Each message category is explained along with requirements for specific asset classes. Technical differences between the 4.2 and 4.4 specifications are highlighted as is standard industry practice for implementing the protocol. An introduction to the FIXML Schema and its use is also provided including discussion of the extensions proposed by the Futures Industry Association. The course can be customized to address issues that are particular to the client's environment. For more information, including a course outline, schedule, and pricing details, contact Brook Path Partners at www.brookpath.com.

Asset Class

Equities, Fixed Income, FX, Listed Derivatives, OTC Derivatives

Course Type Offered

Implementation, Other, Overview

FIX Version

3.0, 4.0, 4.1, 4.2, 4.3, 4.4

Functionality

Allocations and Settlement Instructions, Indications of Interest, Orders and Execution Reports

Service

Business Analysis / Requirements, Management Consulting, Quality Assurance

Services

FIX Messaging and monitoring, FIX point-to-point connectivity

Topic

FIA Extensions, FIX 4.1, FIX 4.2, FIX 4.3, FIX 4.4, FIXML 4.4, Order routing, Post trade processing

Type

Onsite Custom

Web site

http://www.brookpath.com

Contact

+1 617 988 2729 x00215