Source: FIX Trading Community. :contentReference[oaicite:1]{index=1}For the FIX Trading Community, however, the next challenge is ensuring that firms themselves are not forced to comply with multiple incompatible AI governance frameworks across different jurisdictions. The organisation’s AI Working Group, which includes both buy-side and sell-side participants, is advocating globally recognised standards covering agentic AI governance, testing and certification. :contentReference[oaicite:2]{index=2}Why IOSCO MattersUnlike national regulators, IOSCO does not create binding regulations. For organisations such as FIX, whose protocol underpins messaging across global financial markets, governance standards may ultimately prove as important as technical innovation.