Regulations
This webpage has been created as a repository to store any documentation related to the usage of FIX in addressing regulatory requirements - ie. Regulation NMS, MiFID, OATS.
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MiFID
The Markets in Financial Instruments Directive (MiFID) is a set of regulations, due to take effect on 1 November 2007, which promises to fundamentally change the structure of the European capital markets and is the most far reaching reform of any major financial market ever undertaken. | |
NYSE Rule 80A Account Type Indicators (FIX Protocol Gap Analysis Proposal - Rule 80Av1.71.doc, 198KB)
In response to the evolution of program trading activities in the marketplace, NYSE has amended NYSE Rule 80A.40 to update the definition of account type indicators – “J” and “K”. These changes go into effect on June 2, 2008.
[8 January 2008] | OATS
The implementation date for OATS Phase III was July 10, 2006. Phase III requires, among other things, the reporting of manual orders and transmittal of orders to a member's trading desk. | Regulation NMS
According to the SEC, “Regulation NMS includes new substantive rules that are designed to modernize and strengthen the regulatory structure of the U.S. equity markets.” | Regulation SHO
The regulation requires that prior to entering a short sale order, a firm must have reasonable grounds to believe that the security can be borrowed. |
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