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A Beginners Guide to FIX Protocol


During the late 19th century, the trading firms realized the need for machine-readable message protocol,
so that a trade wouldn’t be dropped or cannot be made complex. Once the world realized the need for
standard electronic communication protocol, FIX Trading Protocol was established and a community called “
‘Fix Trading Community was formed.

What is FIX Protocol?

Series of messaging Used by financial securities A non-proprietary, free and


specification to streamline industry to perform Trade, open standard  platform
electronic communications Post-trade and pre-trade
operations.

Who could
Participate?
Regulatory
Buy-side bodies

Trading
Sell-side
Platforms

Stock Alternative
Exchanges Trading
Systems (ATS)

Multilateral
Investment Trading
Banks Facility (MTF)

Custodians

The benefits of using FIX Protocol!

Minimized Increased
TRADING COST TRANSPARENCY

Enhanced Minimized
PERFORMANCES REDUNDANT &
& EFFICIENCY UNNECESSARY MESSAGES

What could be the challenges?

Maintaining Multiple Supporting multiple Secured & complex


Connections FIX Message Formats connectivity issues

Achieving high speed Response should


for the connections have low latency

Sensiple’s Solution to address these issues


Sensiple launched PhiFIX, a suite of Multi-protocol (FIX, EMAPI, FAST, ITCH & OUCH) based
messaging infrastructure to address the above said challenges in Capital Market Industry. The
advantages of PhiFIX are,

A Comprehensive robust, scalable FIX Connectivity solution.


Supports Multiple Asset Classes, FIX Message Formats and various order routing systems.
Reduced cost and the complexity of a connection.
Low latency connections with high transparency in multiple connectivity.
High speed transactions with secured connections

www.sensiple.com
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