--- title: FIX Preps for ARMs Reporting description: The FIX Trading Community to include ARMs-reporting capabilities in its ubiquitous messaging protocol. --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/fix-preps-arms-reporting#popup-newsletter) #### Want the latest news on securities markets -- FREE? Sign up to receive exclusive articles on topics including: - Equity market structure - Profiles of buy-side investment firms - The evolution of multi-asset-class trading - Regulation and its implications for markets - The search for liquidity in fixed income markets - The convergence of fintech and capital markets Select one or more newsletters you would like to receive: menu [![Markerts media](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/header%20logo.svg "Markerts media")](https://articles.marketsmedia.com/) - [Exchanges](https://articles.marketsmedia.com/tag/exchanges-sectors) - Exchanges - FIX Preps for ARMs Reporting Search - [Home](https://articles.marketsmedia.com/) - [Trending](https://articles.marketsmedia.com/tag/trending) - [Featured](https://articles.marketsmedia.com/tag/daily-email-feature) - [Sectors](https://articles.marketsmedia.com/tag/sectors) - [From The Markets](https://articles.marketsmedia.com/tag/from-the-markets) - [AWARDS](https://articles.marketsmedia.com/tag/events) - [Newsletter](https://awards.marketsmedia.com/newsletter-sign-up) - [Newsletter](https://articles.marketsmedia.com/fix-preps-arms-reporting#popup-newsletter) Hide search Search - NewsLetter ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/trading-up-occ-iex-select-board-members-citadel-lands-lieblich-573x379-Jul-07-2022-09-34-11-57-AM.jpg) [ON THE MOVE: Citi Hires Artie Ambrose;...](https://articles.marketsmedia.com/on-the-move-citi-hires-artie-ambrose-natalie-a-brown-to-mesirow) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_445735906_L.jpg) [Trading Adapts to ESG and Sustainable...](https://articles.marketsmedia.com/trading-adapts-to-esg-and-sustainable-investing) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-917493152-Jul-07-2022-09-34-19-09-AM.jpg) [Focus on FX Execution Connectivity](https://articles.marketsmedia.com/focus-on-fx-execution-connectivity) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_333839538_L.jpg) [TRACE Turns 20](https://articles.marketsmedia.com/trace-turns-20) 06.13.2016 By Rob Daly Exchanges # FIX Preps for ARMs Reporting 06.13.2016 By Rob Daly [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/fix-preps-arms-reporting) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/fix-preps-arms-reporting) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/fix-preps-arms-reporting) Industry messaging body FIX Trading Community has added support for transmitting MiFID II transaction reports to Approved Reporting Mechanisms to its protocol, announced the group. The organization’s Global Technical Committee additionally will make any necessary modifications to the FIX protocol as well as providing mappings to the ISO 20022 messaging standard. The messaging body also plans to release version 3.0 of its Market Model Typology, which provides a standard for classifying trades and provides market participants with a uniformed view of trading activities. The messaging body developed the new MMT release to support the latest version of the draft MiFID II level 2 text on equities and non-equities post-trade transparency. “It is an industry solution aiming at fulfilling trade-flagging requirements prescribed in EMSA RTS 1 and RTS 2,” a FIX spokesperson told Markets Media. “Within RTS 1 and RTS 2, there are requirements on firms to flag trades to indicate a certain type of transaction. For example, if a broker executes an agency cross transaction, there is a specific code that is required to be flagged. Within MMT, the specific type of transaction is included in the hierarchy and additional codes are being added to make this MiFID II compliant. The European Securities and Markets Authority has not defined which data standards that organization must use to transmit their mandated reports to the ARMs. However, 70% of those polled during a recent FIX EMEA trading conference said that they would prefer to use the FIX messaging standard. “The MMT standard has broad acceptance among trading venues and data vendors,” the spokesperson added. “Approximately 15 trading venues that have already implemented the MMT logic.” **More on Trade Reporting:** - [OPINION: Will Blockchain Be Nirvana ?](https://www.marketsmedia.com/opinion-blockchain-nirvana/) - [Consolidated Audit Trail Still a Few Years Away, Liquidnet’s Sussman Says](https://www.marketsmedia.com/consolidated-audit-trail-years-away-liquidnets-sussman/) - [MiFID II Causes Jump in Compliance Spending](https://www.marketsmedia.com/mifid-ii-jump-compliance-spending/) [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/fix-preps-arms-reporting) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/fix-preps-arms-reporting) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/fix-preps-arms-reporting) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. 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