The Global Technical Committee has reviewed and preliminarily approved the submitted proposal. This document from the FIX Algorithmic Trading Working Group proposes a set of nine new FIX message types related to the certification and testing of algos.
The FIX Algorithmic Trading Working Group (GPTWG) members have identified a gap related to algorithmic trading due to regulatory requirements in Europe as defined by MiFIR. The investment firms engaged in algorithmic trading with venues are required to certify their algos towards the venue (RTS 7, Article 10(1)).
The draft document now enters a public comment period in which public review and feedback is encouraged. Once the public comment period closes, the GTC will review public comments and amend the document accordingly before publishing the final version.
Please post feedback, comments, and questions as replies to this discussion thread. The public comment period ends on May 3, 2024.
A link to the proposal can be found here .