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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Australian Securities and Investments Commission
The Australian Securities and Investments Commission (ASIC) have published new requirements for the disclosure and reporting of short sales active from November 19th, 2008. These requirements incorporate FIX specific instructions.
[12 November 2008] | |
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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