---
title: FIX Trading Execution Venue Reporting Recommended Practices
description: This update addresses changes to Tag29 guidelines to reflect MiFID requirements.
---

[Articles Marketmedia](https://articles.marketsmedia.com)

# [FIX Trading Execution Venue Reporting Recommended Practices](https://articles.marketsmedia.com/fix-trading-community-execution-venue-reporting-recommended-practices)

 Written by [Terry Flanagan](https://articles.marketsmedia.com/author/terry) | Jun 30, 2020 3:21:58 PM

**FIX Trading Community Execution Venue Reporting Recommended Practices**

**London, New York, Hong Kong, 29 June 2020**: FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, announced today an updated release of the Execution Venue Reporting Recommended Practice Guidelines. Originally produced by the FIX Trading Community Global Buy Side  
 Committee to address inconsistencies in brokers’ execution venue reporting on fills and the nature of the  
 transaction for each fill. The guidelines have constantly been reviewed and updated to reflect regulatory  
 requirements.

The latest revision produced addresses changes to Tag29 guidelines to reflect MiFID requirements and the impact  
 that MiFID was having on determination of whether executions were principal or agency in Tag 29 as well as their  
 CSA Eligibility. A collaborative exercise which included buyside and sell side participants from around the globe  
 resulted in a global approach for some values and the identification of regional flavors for others. Additionally,  
 changes to [Tag 851](https://www.fixtrading.org/packages/ep252-liquidity-indicator-extension/) include new values and the codifying of values already being utilized in the industry.

Click [here](https://www.youtube.com/watch?v=DeByFrZ9CFU&feature=youtu.be) to listen as Brian Lees addresses transparency and global standards regarding information the buy side  
 receives from the sell side.

Brian Lees, FIX Global Buy Side Committee co-chair, AVP, Manager, Equity Trading Product Owner, Capital  
 Group, commented, “This update to the execution venue reporting guidelines is the product of many discussions  
 and surveys in which we gathered views from both buy and sell side firms. Additional clarity has been added to  
 the tag 29 guidance which we hope will serve to clarify reporting of broker capacity on each fill.”

The document has been released in draft format to allow for public review and feedback. Please click [here](https://www.fixtrading.org/packages/fix-execution-venue-reporting-best-practice-guidelines/) to  
 view the document.

**About FIX Trading Community**

FIX Trading Community is the non-profit, industry-driven standards body at the heart of global trading.  
 The organisation is independent and neutral, dedicated to addressing real business and regulatory issues  
 impacting multi-asset trading in global markets through standardisation, delivering operational efficiency,  
 increased transparency, and reduced costs and risks for all market participants. Central to FIX Trading  
 Community’s work is the continuous development and promotion of the [FIX family of standards](https://www.fixtrading.org/standards/), including the core [FIX Protocol](http://www.fixtrading.org/what-is-fix/) messaging language, which has revolutionised the trading environment and has successfully  
 become the way the world trades. Visit [www.fixtrading.org](http://www.fixtrading.org) for more information.

**Contacts:**  
 Neena Dholani  
 FIX Trading Community  
 Tel: +44 (0)20 3950 3934  
 neena.dholani@fixtrading.org

[View full post](https://articles.marketsmedia.com/fix-trading-community-execution-venue-reporting-recommended-practices)

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