FIX Trading Community Opens Technical Standards Process to Developers
Standards body launches open technical standards process resource to facilitate software development.
FIX Trading Community said the aim of the project is to "promote fairness, lower costs, and should lead to quality and reliability improvements," by using open source licenses on the GitHub platform to create and implement a single venue interface.
Several FIX projects have already been published to the platform. The FIX High Performance Working Group has also posted standards for binary messaging and a performance session layer protocol for exchanging messages between counterparties. Additional encodings of FIX, such as FIXML, Google Protocol Buffers, and ASN.1, will also be made available through the open process.
"We realized that while standard FIX is highly performant, there is an additional need for a high performance interface for order routing and market data to support the modern trading venue," says Jim Northey, co-chair of Global Technical Committee for FIX Trading Community. "This need is currently being met with varying levels of success and completeness by a myriad of proprietary protocols. Our goal is to provide a FIX based standard, including an open source reference implementation, which fully meets the requirements of the modern execution venue."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
FactSet looks to build on portfolio commentary with AI
Its new solution will allow users to write attribution summaries more quickly and adds to its goal of further accelerating discoverability, automation, and innovation.
How Ally found the key to GenAI at the bottom of a teacup
Risk-and-tech chemistry—plus Microsoft’s flexibility—has seen the US lender leap from experiments to execution.
The IMD Wrap: Beginning of the end for data audits?
This week, there’s exciting news for data bean-counters in the form of a partnership between two vendors that could change the way we view and track data usage and audits.
S&P debuts Spark Assist genAI copilot, draws up ‘Blueprints’ of combined datasets
S&P’s Kensho subsidiary has rolled out new emerging tech products leveraging AI to explore and combine the vendor’s wealth of datasets to solve common use cases.
Nasdaq reshuffles tech divisions post-Adenza
Adenza is now fully integrated into the exchange operator’s ecosystem, bringing opportunities for new business and a fresh perspective on how fintech fits into its strategy.
Liquidnet sees electronic future for gray bond trading
TP Icap’s gray market bond trading unit has more than doubled transactions in the first quarter of 2024.
Verafin launches genAI copilot for fincrime investigators
Features include document summarization and improved research tools.
Waters Wrap: Open source and storm clouds on the horizon
Regulators and politicians in America and Europe are increasingly concerned about AI—and, by extension, open-source development. Anthony says there are real reasons for concern.
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Nasdaq reshuffles tech divisions post-Adenza
- Deutsche Börse democratizes data with Marketplace offering