{"id":12436,"date":"2016-10-13T10:20:05","date_gmt":"2016-10-13T09:20:05","guid":{"rendered":"http:\/\/www.technical-fixprotocol.net\/?page_id=12436"},"modified":"2023-06-25T13:25:49","modified_gmt":"2023-06-25T12:25:49","slug":"corporate-governance","status":"publish","type":"page","link":"https:\/\/www.fixtrading.org\/corporate-governance\/","title":{"rendered":"Corporate Governance"},"content":{"rendered":"<style type=\"text\/css\"><\/style><h1>Corporate Governance<\/h1>\n<p>FIX Trading Community\u2122 is a brand of FIX Protocol Ltd, a non-profit UK registered entity, originally created to own, maintain and develop the FIX Protocol messaging language.<\/p>\n<p>FIX\u00ae is embedded into the fabric of the financial trading community, used by thousands of firms every day to complete millions of transactions in a cost-efficient and effective manner.<\/p>\n<p>FIX has been created and continues to be developed through collaborative industry efforts with the intention that it remains as a non-proprietary, free and open protocol. Maintaining this position is of utmost importance, as the cost to the industry of a fee based alternative would prove incredibly expensive.<\/p>\n<p>To ensure this status is protected, FIX Protocol Ltd is managed under a special &#8220;Purpose Trust&#8221; which owns the assets and enables the organisation to concentrate on promoting protocol adoption without undue risk or exposure. An effort that is further supported by legal protection afforded through the fees paid by member firms.<\/p>\n<p>The Trust deed defines the &#8220;purpose&#8221; and states that the protocol will remain &#8220;open&#8221; and available royalty free in perpetuity. It also seeks to establish the neutrality of the protocol and effectively formalises the principles on which FIX Protocol Ltd has been based. It does all this, and at the same time gives new powers to the organisation&#8217;s members to set the direction that the company and its officers shall follow.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-66026 size-cmsmasters-blog-masonry-thumb\" src=\"https:\/\/www.fixtrading.org\/wp-content\/uploads\/2021\/04\/corp-gov-trust-chart_wo_FPTL-416x370.jpg\" alt=\"\" width=\"416\" height=\"370\" \/><\/p>\n<p>FIX Trading Community is primarily managed by its <a href=\"\/groups\/gsc\/\">Global Steering Committee<\/a> (GSC) and <a href=\"\/fix-directors\/\" target=\"_self\" rel=\"noopener noreferrer\">Directors<\/a>.\u00a0The GSC is responsible for effectively managing the organisation\u2019s on-going needs at both the strategic and operational level, with the support of the Program Office. The primary responsibilities of the Directors are to:<\/p>\n<ul>\n<li>Oversee the management of the organisation and the interests of the wider membership<\/li>\n<li>\u2018Step in\u2019 should concerns be raised over the organisation\u2019s management and call a meeting of the Directors<\/li>\n<li>Provide organisational oversight ensuring financial stability<\/li>\n<li>Ensure organisational adherence to UK laws<\/li>\n<\/ul>\n<h3><strong>Overview<\/strong><\/h3>\n<div class='w3eden'><div class=\"well c2a3\">\n    <div class=\"media\">\n        <div class=\"mr-3\" align=\"left\">\n            <img decoding=\"async\" class=\"wpdm_icon\" alt=\"Icon\"   src=\"https:\/\/www.fixtrading.org\/wp-content\/plugins\/download-manager\/assets\/file-type-icons\/pdf.png\" \/>\n        <\/div>\n        <div class=\"media-body\">\n            <h3 class=\"media-heading\" style=\"padding-top: 0px;border:0px;margin: 0 0 5px 0;font-size:12pt; \">\n                <a style=\"font-weight: 700; color: #255e95;\" href=\"https:\/\/www.fixtrading.org\/packages\/corporate-structure-faqs\/\">Corporate Structure FAQs<\/a>\n                <span style=\"font-size:8pt;font-weight:300\" class=\"text-muted ml-4\">\n                    <i class=\"fas fa-hdd mr-1\"><\/i> 121.14 KB\n                    <i class=\"ml-3 far fa-arrow-alt-circle-down mr-1\"><\/i> 1251 downloads \n                    <i class=\"ml-3 far fa-clock mr-1\"><\/i> February 24, 2017\n                <\/span>\n            <\/h3>\n            Please see a list of frequently asked questions related to FPL's corporate structure via the above link.\nFIX Trading Community (Updated April 2021)\n...<\/br>\n        <\/div>\n        <div class=\"ml-3\" align=\"right\">\n            <a class='wpdm-download-link download-on-click btn btn-primary btn-lg'  rel='nofollow' href='#' data-downloadurl=\"https:\/\/www.fixtrading.org\/packages\/corporate-structure-faqs\/?wpdmdl=32051&refresh=69ceb4ad2b2781775154349\">Download<\/a>\n        <\/div>\n    <\/div>\n\n<\/div><\/div>\n<h3><strong>GSC Terms of Reference <\/strong><\/h3>\n<div class='w3eden'><div class=\"well c2a3\">\n    <div class=\"media\">\n        <div class=\"mr-3\" align=\"left\">\n            <img decoding=\"async\" class=\"wpdm_icon\" alt=\"Icon\"   src=\"https:\/\/www.fixtrading.org\/wp-content\/plugins\/download-manager\/assets\/file-type-icons\/pdf.png\" \/>\n        <\/div>\n        <div class=\"media-body\">\n            <h3 class=\"media-heading\" style=\"padding-top: 0px;border:0px;margin: 0 0 5px 0;font-size:12pt; \">\n                <a style=\"font-weight: 700; color: #255e95;\" href=\"https:\/\/www.fixtrading.org\/packages\/gsc-terms-of-reference-revised-2011\/\">GSC Terms of Reference (revised 2011)<\/a>\n                <span style=\"font-size:8pt;font-weight:300\" class=\"text-muted ml-4\">\n                    <i class=\"fas fa-hdd mr-1\"><\/i> 179.37 KB\n                    <i class=\"ml-3 far fa-arrow-alt-circle-down mr-1\"><\/i> 713 downloads \n                    <i class=\"ml-3 far fa-clock mr-1\"><\/i> February 24, 2011\n                <\/span>\n            <\/h3>\n            revised 2011\n...<\/br>\n        <\/div>\n        <div class=\"ml-3\" align=\"right\">\n            <a class='wpdm-download-link download-on-click btn btn-primary btn-lg'  rel='nofollow' href='#' data-downloadurl=\"https:\/\/www.fixtrading.org\/packages\/gsc-terms-of-reference-revised-2011\/?wpdmdl=32052&refresh=69ceb4aea4d841775154350\">Download<\/a>\n        <\/div>\n    <\/div>\n\n<\/div><\/div>\n<h3><strong>Articles of Association <\/strong><\/h3>\n<div class='w3eden'><div class=\"well c2a3\">\n    <div class=\"media\">\n        <div class=\"mr-3\" align=\"left\">\n            <img decoding=\"async\" class=\"wpdm_icon\" alt=\"Icon\"   src=\"https:\/\/www.fixtrading.org\/wp-content\/plugins\/download-manager\/assets\/file-type-icons\/pdf.png\" \/>\n        <\/div>\n        <div class=\"media-body\">\n            <h3 class=\"media-heading\" style=\"padding-top: 0px;border:0px;margin: 0 0 5px 0;font-size:12pt; \">\n                <a style=\"font-weight: 700; color: #255e95;\" href=\"https:\/\/www.fixtrading.org\/packages\/articles-of-association-fix-protocol-trading-ltd\/\">Articles of Association - FIX Protocol Trading Ltd<\/a>\n                <span style=\"font-size:8pt;font-weight:300\" class=\"text-muted ml-4\">\n                    <i class=\"fas fa-hdd mr-1\"><\/i> 106.83 KB\n                    <i class=\"ml-3 far fa-arrow-alt-circle-down mr-1\"><\/i> 621 downloads \n                    <i class=\"ml-3 far fa-clock mr-1\"><\/i> June 16, 2011\n                <\/span>\n            <\/h3>\n            FIX Protocol Limited Articles of Association (June 2011)\n...<\/br>\n        <\/div>\n        <div class=\"ml-3\" align=\"right\">\n            <a class='wpdm-download-link download-on-click btn btn-primary btn-lg'  rel='nofollow' href='#' data-downloadurl=\"https:\/\/www.fixtrading.org\/packages\/articles-of-association-fix-protocol-trading-ltd\/?wpdmdl=44678&refresh=69ceb4b02a0a31775154352\">Download<\/a>\n        <\/div>\n    <\/div>\n\n<\/div><\/div>\n<h3><strong>Trust Deed <\/strong><\/h3>\n<div class='w3eden'><div class=\"well c2a3\">\n    <div class=\"media\">\n        <div class=\"mr-3\" align=\"left\">\n            <img decoding=\"async\" class=\"wpdm_icon\" alt=\"Icon\"   src=\"https:\/\/www.fixtrading.org\/wp-content\/plugins\/download-manager\/assets\/file-type-icons\/pdf.png\" \/>\n        <\/div>\n        <div class=\"media-body\">\n            <h3 class=\"media-heading\" style=\"padding-top: 0px;border:0px;margin: 0 0 5px 0;font-size:12pt; \">\n                <a style=\"font-weight: 700; color: #255e95;\" href=\"https:\/\/www.fixtrading.org\/packages\/trust-deed-completed-deed\/\">Trust Deed - Completed Deed<\/a>\n                <span style=\"font-size:8pt;font-weight:300\" class=\"text-muted ml-4\">\n                    <i class=\"fas fa-hdd mr-1\"><\/i> 2.57 MB\n                    <i class=\"ml-3 far fa-arrow-alt-circle-down mr-1\"><\/i> 1088 downloads \n                    <i class=\"ml-3 far fa-clock mr-1\"><\/i> October 5, 2005\n                <\/span>\n            <\/h3>\n            Copy of Completed Trust Deed dated 5 Oct, 2005.\n...<\/br>\n        <\/div>\n        <div class=\"ml-3\" align=\"right\">\n            <a class='wpdm-download-link download-on-click btn btn-primary btn-lg'  rel='nofollow' href='#' data-downloadurl=\"https:\/\/www.fixtrading.org\/packages\/trust-deed-completed-deed\/?wpdmdl=32060&refresh=69ceb4b1985ad1775154353\">Download<\/a>\n        <\/div>\n    <\/div>\n\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Corporate Governance FIX Trading Community\u2122 is a brand of FIX Protocol Ltd, a non-profit UK registered entity, originally created to own, maintain and develop the FIX Protocol messaging language. FIX\u00ae&#8230;<\/p>\n","protected":false},"author":6,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/www.fixtrading.org\/wp-json\/wp\/v2\/pages\/12436"}],"collection":[{"href":"https:\/\/www.fixtrading.org\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.fixtrading.org\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.fixtrading.org\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fixtrading.org\/wp-json\/wp\/v2\/comments?post=12436"}],"version-history":[{"count":21,"href":"https:\/\/www.fixtrading.org\/wp-json\/wp\/v2\/pages\/12436\/revisions"}],"predecessor-version":[{"id":103608,"href":"https:\/\/www.fixtrading.org\/wp-json\/wp\/v2\/pages\/12436\/revisions\/103608"}],"wp:attachment":[{"href":"https:\/\/www.fixtrading.org\/wp-json\/wp\/v2\/media?parent=12436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}