FIXarm

FIXarm is a financial information exchange (FIX) protocol designed specifically for the arm's length transactions market. It was developed by the International Swaps and Derivatives Association (ISDA) and the International Capital Market Association (ICMA) to facilitate the exchange of financial information between counterparties in a standardized and efficient manner. The protocol aims to improve transparency, reduce operational risk, and enhance the overall efficiency of arm's length transactions.

FIXarm is built on the FIX protocol, which is widely used in the financial industry for electronic trading and communication. It extends the capabilities of FIX to include specific message types and fields that are relevant to arm's length transactions. These include messages for the exchange of trade confirmations, allocation instructions, and other related information.

The adoption of FIXarm has been driven by the need for a more robust and standardized communication framework in the arm's length transactions market. It provides a common language for counterparties to exchange critical information, reducing the risk of miscommunication and errors. This standardization also facilitates the integration of different systems and platforms, making it easier for financial institutions to manage their arm's length transactions.

FIXarm is supported by a range of financial institutions and technology providers, ensuring its widespread adoption and continuous development. The protocol is regularly updated to incorporate new requirements and best practices in the financial industry, making it a reliable and future-proof solution for arm's length transactions.