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Thread: A Traderís Guide to FIX Engine

  1. #1
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    A Traderís Guide to FIX Engine

    FIX engine is a FIX protocol-based messaging infrastructure designed for high-frequency trading and to facilitate the online trading and it is available in Java & .NET. FIX engine is an implementation of FIX protocol and a piece of software required to establish FIX connectivity. FIX messages which carry trading orders electronically in the form of tag and value is composed, parsed and understood by FIX engine.

    FIX engines are also responsible for establishing FIX connectivity between client and broker or client and exchange.FIX is now used by a large group of firms and vendors. It has clearly emerged as the preeminent global messaging protocol. FIX has grown from its original buy-side to sell-side equity trading roots and exchanges, ECNs and other industry participants now use FIX.

    Users can easily integrate FIX Engine with any other software application such as API, FIX implementation tools, monitor suits and simulator. FIX engine is a suite of program built for session management, FIX Standard Message framing, connectivity, listener and initiator etc.

    Benefits of standardizing communications using FIX protocol Ė

    Some of the benefits of the widespread use of a standard messaging protocol are

    • Reduced cost and complexity of integrating various internal activities
    • Increased ability to share infrastructure in terms of software, hardware and support staff
    • Less need to rekeying and translate data, which lowers costs and results in fewer errors
    • Easier monitoring of the overall positions of markets and flows within them (eg, for regulatory purposes) as the inputs are supplied in the same format and use of the same protocol

    Sensiple launched PhiFIX, a suite of Multi-protocol (FIX, EMAPI, FAST, ITCH & OUCH) based messaging infrastructure to streamline electronic communications in the financial securities industry. It implements the automated trading of multi-assets, including securities, derivative, and other financial instruments.

    This suite influences increased connectivity, operational efficiency and low latency in trading platform. The differentiator of PhiFIX is, it is comprehensive, robust, scalable FIX Connectivity solution, which supports Multiple Asset Classes, FIX functionalities in Pre-Trade, Trade and Post-Trade, FIX Message Formats and various order routing systems

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    The information is quite interesting, but how can a beginner in trading understand it? I recently became interested in cryptocurrency and am now looking for useful information.

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