In December 2018, FIA and affiliate FIA Tech, announced new technical guidelines for firms to properly identify the correct brokerage when executing and clearing exchange traded derivatives. All FIA Tech services including Atlantis, Docs and eRecs will utilize these standardized execution methods. These published guidelines are currently supported by CME Group, Intercontinental Exchange and Eurex Group, and other exchanges are expected to follow. Effective November 17, 2019 CME Globex began to require and validate tag 1031. More information about these execution code guidelines and implementation by FIA Tech and CME is available at the following links:
- Press Release - FIA and FIA Tech Release Guidelines for the Simplified Execution Source Code
- Full White Paper - Guidelines for the simplified FIA Execution Source Code Schema
- Summary Version - Guidelines for the simplified FIA Execution Source Code Schema
- CME Now Requires and Validates Tag 1031
Impact on FIA Tech systems:
FIA Tech Docs supports the simplified execution source codes as of September 30th, 2019. For additional information, please see the following articles:
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