Gain’s GTX ECN Bows Binary Data Protocols

The new data delivery options will attract more clients seeking standardized offerings, officials say.

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Until now, traders connected to GTX exclusively using the FIX Protocol to receive individually-tailored feeds of prices from the brokers with which they are permissioned to trade. The new binary protocols are expected to deliver greater speed and throughput to attract algorithmic traders.

“No single protocol will be applicable to every client, so we want to encourage the use of protocols that are appropriate for their needs. For most, FIX is fine… and going forward, FIX is the answer to most peo