EP206: FIX protocol clock synchronisation enhancement for MIFID II

FIX Protocol Updates 24 Feb 2016

FIX Trading Community has announed availability of extension pack EP206 for FIX protocol.

This extension pack, initiated by the FIX Clock Synchronization subgroup of the EMEA Regulatory Subcommittee, enhances the precision of time stamp data types with higher resolution and greater granularity in order to meet MIFID II and MiFIR regulatory reporting requirements. The extension pack includes support for differing levels of increased time precision while maintaining backward compatibility.

Specs for this extension pack can be accessed here.

 

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