What is the FIX protocol?

FIX stands as a short form for “Financial Information eXchange”. The FIX protocol is the specification developed for exchanging real-time financial information electronically.

Financial communication, including trading, executions, and many others is a complex process. The communication protocol isn’t as straightforward as it may be across other business domains.
Hence, the need for an electronic communication protocol continued confronting financial players for decades. As a result, in 1992, the finance fraternity came up with FIX – Financial Information eXchange.

FIX (Financial Information eXchange) protocol is the specification developed for exchanging the financial information electronically. It is currently used for electronic, accurate and speedy exchange of financial information, between the exchanges and exchange members, institutional investors and vendors of various markets around the world. It is used in various scenarios such as Trading, Clearing Open contract management, market rate information. The specifications are expanding every time the FIX protocol new version is released and hereafter the scenarios and specification will go on increasing.

This is the summary of analysis conducted for client for Ultra Low latency trading platform implementation.

Latency is the key factor in financial transactions. Latency affects the time between the initiation of a transaction and its execution. Any latency between initiation of trade and the match of the buy/sell to an appropriate sell/buy order provides an opportunity for the price to make an unfavorable change. Additional latency can literally cost money.

Based on the inputs from seminars from experts at trading summit and various conferences here we are analyzing overall industry stand for algorithmic trading.

Global market (US & Europe region) trend is towards dark pool liquidity based algorithm more. Dark pool serves purpose of bulk trading volume and liquidity while adding anonymity benefits and less market impact. Whereas most of the emerging markets, dark pool liquidity based algorithms are not initiated yet. Overall in Asia trend for liquidity based algorithm is less.

In recent years', rapid changes in financial world along with turbulence in worldwide economy resulted into limited headcount in financial organization. But workload and responsibilities are increasing for each and every resource in organizations

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