Imported from previous forum
The Global Technical Committee has reviewed and preliminarily approved the Fixed Income Pre-Trade Indication Enhancement Proposal. In this gap analysis proposal, the Global Fixed Income Subcommittee is proposing enhancements to better support pre-trade liquidity discovery for cash bonds between sell-side and buy-side firms. Of specific enhancement, this proposal introduces a new component, RelativeValueGrp, to allow for the conveyance of additional relative value metrics when bonds are sent out as Axes, Runs and available inventory.
The document now enters a public comment period in which public review and feedback is encouraged. Once the public comment period closes, the Global Technical Governance Board will meet to review public comments before final approval.
Please post feedback, comments, and questions as replies to this discussion thread.
A link to the proposal can be found at:
http://www.fixtradingcommunity.org/pg/file/fplpo/read/1791733/fix-protocol-ga-pre-trade-indication-enhancement-proposal
The public comment period ends on December 10th, 2014.