FIX Publishes New Data Standards For European Trading
18
2
BTCCSquare news:
The FIX Trading Community has released Market Model Typology (MMT) 5.0, a critical update for trading firms preparing for Europe's upcoming Consolidated Tape. This independent data standard ensures uniform trade classification across European capital markets, promoting transparency and clean market data.
Jim Kaye, FIX Executive Director, emphasized the protocol's neutrality: "MMT exemplifies FIX's ability to balance diverse market needs while adapting to evolving regulatory requirements." Originally developed in 2012 to resolve fragmented data standards, MMT now serves as the backbone for transaction reporting across major European institutions.
By:
