Imported from previous forum
There seems to be very little activity happening with this project.
Is it still an active project?
There seems to be very little activity happening with this project.
Is it still an active project?
The current version of FIXatdl as released is stable in the market and implemented by a number of users. The Work Group is only active in responding to errata in documentation and very minor updates to the now standing schema. To date the request for changes and updates have been very minor and the urgency to release an update has not been great.
On a longer term basis (perhaps 2+ years out to finalization as a standard) the WG is very interested in the settlement of the regulatory environment in the U.S. particularly the evolving changes to basic data standards flowing from The Dodd–Frank Wall Street Reform and Consumer Protection Act.
The movement afoot to put traditional OTC derivative contracts on to 3rd party clearing and to more highly standardize them is very much spotted “on the radar” for future versions of FIXatdl. This is particularly important to making FIXatdl fully capable of supporting just about any type of multi asset (any combo of: equity | fixed income | futures | options | FX) orders, all from one integrated order ticket.
At FPL FIXatdl is a subsidiary standard of FIX protocol (i.e. the protocol of Fix messages on the wire) and follows that protocol exactly. Its also subsidiary to overall FIX / FPL directions in XML standards “in general”. This might include further directions in XML rules engines and higher level verification of XML (beyond xsds etc.) Because it is a subsidiary technology at FPL it must evolve subject to future directions of the underlying FIX protocol and the XML standards FPL chooses to adopt across the board.
All that being said, the WG is totally open to ideas and suggestions of where to evolve to in the future, or to receive specific errata and minor upgrade requests to the current version.
One radical thought as been to see if FIXatdl might be generalized to support not only FIX protocol message syntax but to also support FPml message syntax. This seems critical as more OTC derivatives are forced by regulation in the U.S. to move to standardization and third party clearing. However I need to caution you this is just a radical thought at this point and the technical feasibility has yet to even be discussed.
Again, WG is a “all ears” for what is needed, in both the the short term, and the longer term.