Imported from previous forum
The Global Technical Committee has reviewed and preliminarily approved the Market Model Typology (MMT) Extension Proposal. The MMT was developed through the collaborative efforts of exchanges, MTF’s, market data vendors and trade reporting venues as a means of standardizing post-trade data reporting. Market fragmentation can be seen as a natural by-product of competition but more action is needed to meet the challenges in the area of equity market data, in particular the post-trade transparency. Though much of this stems from an inherent lack of standards in the OTC market, Regulated Markets and MTFs also need to support a single industry standard that can be applied across all sources of post-trade data.
This gap analysis proposes enhancements which would provide the ability for market participants to use FIX to support MMT.
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/7065/FIX%20Protocol%20Gap%20Analysis%20-%20MMT%20Coverage%20v0.5.docx
The public comment period ends on October 30th, 2012.