What is FIX protocol used for?
The Financial Information eXchange (FIX) is an information and data protocol used to disseminate price and trade information among investment banks and broker-dealers.
What is FIX message protocol?
The Financial Information eXchange ( FIX ) Protocol is a series of messaging specifications. It is a global language describing trade-related messages, and is used for automated trading of securities, derivative, and other financial instruments. For more information about the FIX protocol, see the FIX protocol website.
WHAT IS FAST FIX protocol?
The FAST protocol (FIX Adapted for STreaming) is a technology standard developed by FIX Protocol Ltd., specifically aimed at optimizing data representation on the network. It is used to support high-throughput, low latency data communications between financial institutions.
What is a FIX session?
Introduction. A FIX session is defined as a bi-directional stream of ordered messages between two parties within a continuous sequence number series. A single FIX session can exist across multiple sequential (not concurrent) physical connections.
What protocol does FIX use?
The FIX Transport Session Protocol (FIXT) is the application version independent session layer that is used in conjunction with FIX 5.0SP2 and later versions of FIX. The FIX Performance Session Layer (FIXP) standard is a high performance, high efficiency, reliable session level protocol.
Is TCP fixed?
Theoretically, FIXT is transport independent. However it is usually employed over Transmission Control Protocol (TCP). FIXT is a point-to-point protocol. It guarantees message delivery in both directions.
What is ITCH protocol?
ITCH is an ultra-low latency protocol for accessing Market Data. Connecting via ITCH protocol makes it possible to get quotes directly from the exchange without losing speed and with the maximum possible frequency of data acquisition.
How does FIX Protocol work?
How does FIX work? Clients and brokers use software called FIX engines to connect using the FIX protocol. Once a session begins, FIX messages are classified into two groups: Admin (or session level) messages, and Application messages. Application messages include trade, pre-trade, and post-trade messages.
How does FIX session work?
It’s normally sent by the FIX Engine which is receiving message to initiate the re-transmission of messages. FIX Engine uses Resend Request (tag 35=2) if a sequence number gap is detected or if FIX Engine of receiving application lost a message or as a part of initialization process to make sequence number in sync.
Is FIX protocol secure?
FIX-over-TLS (FIXS) is the standard to secure FIX sessions using the Transport Layer Security (TLS) protocol. The use of FIXS is considered a requirement as it introduces a basic level of security and standard options for interoperability.
What is the latest FIX version?
FIX 5.0
Currently, FIX 5.0 is the latest version of FIX protocol specification that intoruced several breacking changes, comparing to FIX 4. X versions. FixAntenna.Net supports FIX 5.0 and all changes included into FIX 5.0 SP1, FIX 5.0 SP2 will be supported soon.