FIX Finishes TESI Extension to FX
![Paul Tivnann at Bloomberg Paul Tivnann at Bloomberg](/sites/default/files/styles/landscape_750_463/public/import/IMG/854/266854/paul-tivnann-bloomberg-2013-580x358.jpg.webp?itok=0NYZPLTx)
The extension comes after last year's initial TESI design and implementation, which provided the FIX standard to manage the complex process of enabling clients on fixed income trading platforms. As a result of close collaboration within the FX community, TESI is now available to clients using FX execution platforms for FX spot, forwards, swaps, FX options, non-deliverable forwards (NDFs), and precious metals trading.
By using TESI, FX market participants can change pricing streams, map accounts, authorise new instruments, or even suspend clients for trading and a message will be automatically distributed to all relevant parties using a standard protocol.
“We have been using technology to provide efficient solutions for our customers and increase financial market standardisation since Bloomberg's founding more than 30 years ago. We support TESI because it helps further promote these goals," says Paul Tivnann, Bloomberg's head of FX and commodities trading.
Etrading Software and Thomson Reuters joined Bloomberg as lead tech providers working on the project.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Facing platform shutdown, former IEX Cloud head buys its assets in 11th-hour bid
Tim Baker, Pedro Aguayo, and a silent partner have come together to purchase IEX Cloud’s assets days before the exchange was to retire all its products on August 31.
Recent volatility highlights tech’s vital role in fixed income pricing
MarketAxess’ Julien Alexandre discusses how cutting-edge technology is transforming pricing and execution in the fixed income market amid periodic bouts of volatility
Banks fret over vendor contracts as Dora deadline looms
Thousands of vendor contracts will need repapering to comply with EU’s new digital resilience rules
Where have all the exchange platform providers gone?
The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.
This Week: Trading Technologies completes ANS deal; State Street; Equinix; and more
A summary of the latest financial technology news.
Interactive Brokers looks beyond US borders for growth opportunities
As retail trading has grown in volume and importance, Interactive Brokers and others are expanding international offerings and marketing abroad.
JP Morgan’s goal of STP in loans materializes on Versana’s platform
The accomplishment highlights the budding digitization of private credit, though it’s still a long road ahead.
As data volumes explode, expect more outages
Waters Wrap: At least for those unprepared—though preparation is no easy task—says Anthony.