About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

FIX Trading Community Releases Response to Cybersecurity Challenge

Subscribe to our newsletter

The FIX Trading Community has released the FIX-over-TLS (FIXS) standard and guidelines to help users of the FIX protocol meet security requirements. FIXS is part of a larger programme of work that the FIX Trading Community initiated in response to the cybersecurity challenge.

The issue for members of the community is how to understand the cybersecurity landscape, and how to respond to the general deterioration and an increased specificity of threats, in a way that anticipates or leads legislative and regulatory responses.

FIXS is a technical standard that specifies how to use the Transport Layer Security (TLS) protocol with FIX. It is designed to make it easier for FIX participants to employ TLS, in the hope that a level of standardisation will help improve security across the industry. Guidelines are provided for different aspects of TLS as well as for the Stunnel open source program, making the standard widely accessible.

Michael Cooper, chief technology officer at Radianz, BT Global Banking and Financial Markets, and chair of the FIX cybersecurity working group, says: “The FIX cybersecurity working group was formed a number of years ago to facilitate industry collaboration against the background of a deteriorating cybersecurity landscape. As part of this effort, the FIXS sub-group was established. It has researched and is now publishing guidelines for extending the security of FIX communications and augmenting the security of trading operations.”

Charles Kilkenny, CEO at Actuare, and chair of the FIXS sub-group, adds: “FIXS is a starting point for firms wanting to secure FIX with TLS. I would ask firms and especially vendors to look at adopting FIXS and provide us with their feedback. We need this dialogue to continually improve what we have and to stay one step ahead.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Adding cloud to your high performance trading infrastructure

Adding cloud to high performance trading infrastructure offers the benefits of scalability, faster development, and lower capex costs – but can it meet required speeds of data delivery, does it limit the extent of available data, and how can low-latency data be sourced in the cloud? Still more, is it feasible to run a complete...

BLOG

MarketAxess Selects DataBP to Automate Data Licensing and Post-Sales Processes

MarketAxess, operator of an electronic trading platform for fixed income securities and provider of market data and post-trade services for global fixed income markets, is working with DataBP, a data licensing and commercial management platform, to support and automate its data licensing and post-sales processes. DataBP says that as data consumption methods in financial services...

EVENT

RegTech Summit London

Now in its 6th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Trading Regulations Handbook 2022

Welcome to the third edition of A-Team Group’s Trading Regulations Handbook, a publication designed to help you gain a full understanding of regulations that have an impact on your trading operations, data and technology. The handbook provides details of each regulation and its requirements, as well as ‘at-a-glance’ summaries, regulatory timelines and compliance deadlines, and...