Imported from previous forum
FIX Protocol Ltd (FPL) is proud to announce that the first draft of the Financial Information eXchange (FIX) Protocol version 5.0 Service Pack 1 is now available for public download and comment from the FPL website at www.fixprotocol.org/fix5.0sp1. The final, production-ready release is planned for March 2008.
FIX 5.0 Service Pack 1 includes 25 Extension Packs, each of which enhances the current functionality delivered by FIX 5.0. The Extension Packs were created as a result of FIX community market-driven initiatives, which have undergone a thorough public review process led by the FPL Global Technical Committee. The Committee continues to improve the specification process to ensure that FPL meets its goal of delivering appropriate messaging standard solutions for the rapidly changing financial markets.
Major enhancements provided by the FIX 5.0 Service Pack 1 include:
· Improved functionality for exchange quotation models and order routing practices
· Enhanced Listed Derivatives reference data support for Options, Futures, and Options on Futures
· New set of messages for Market Structure definition
· Support for trading listed Interest Rate Swaps
· Application level sequencing with advanced support for market data recovery
· Foreign Exchange OTC settlement obligations
· Improved integration between FIX, FIXML and FpML
· Changes to Rule80A, OrderCapacity, and Order Restrictions to reflect revised NYSE regulations
The FPL Global Technical Committee welcomes industry feedback on FIX 5.0 Service Pack 1. Once all feedback has been compiled and implemented, a second draft will be made available for comment before the final release in March. All feedback regarding the first draft should be posted to a dedicated discussion forum http://www.fixprotocol.org/discuss/55.
The comment period is now open and will run for two weeks concluding Wednesday, January 30th 2008.
Regards,
FPL Program Office
c/o Jordan & Jordan
5 Hanover Square
New York, NY 10004
Phone: + 1 212 652 4469
Fax: + 1 212 422 8570
www.fixprotocol.org