Goldilocks and Seeds of Wisdom Goldilocks’ Comments and Global Economic News for September 22nd “FIX’s new workflow and messaging standards will drive significant improvements to post-trade operational inefficiencies by closing the existing communication gap and enabling near real-time updates on securities settlement status for end clients.” The SEC has given the FedNow messaging service to a company same-day trades the green light to move forward. Over 70 countries including the US are already utilizing the ISO20022 messaging system. The FedNow System is the payment system for the United States. The FedNow service is currently optional for the bank system to…
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