Imported from previous forum
The Global Technical Committee has reviewed and preliminarily approved the GFIC Multi-Dealer Quote Negotiation Proposal. The GFIC Multi-Dealer Quote Negotiation proposal seeks to enhance the negotiation message flow to provide the ability for centralized execution venues to support inquiry timers and multi-dealer quote requests flows. These negotiation models are commonly used in the cash bond markets. The accompanying GFIC Best Practices for Electronic Trading of Cash Bonds using FIX messages can be found at this link: http://www.fixprotocol.org/documents/6957/Best%20Practices%20for%20Trading%20Fixed%20Income%20Instruments%20-%20Cash%20Bonds.zip
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.fixprotocol.org/documents/6953/GFIC%20Multi-Dealer%20Quote%20Negotiation.zip
The public comment period ends on September 7, 2012.